Dollar Lifts, Euro Slips, Hungarian Forint Skids

A German bond auction underwhelms and the dollar lifts - it's time for your FX Fix.

The dollar rose, reversing some of Tuesday's slide, after Germany's bond auction. [fxstreet.com]

Euro zone inflation eased, raising the likelihood that the European Central Bank will cut interest rates later in the year. [Reuters]

The inflation report, the German auction, and worries about European banks weighed on the euro. [Reuters]

British net lending to individuals rose but mortgage approvals were largely unchanged, and the pound weakened slightly. [dailymarkets.com]

The Hungarian forint hit an all-time low against the euro on investor concerns about government policies. [marketwatch.com]

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