Euro Steadies, Pound Slips, Hungary Talks to the IMF
British trade data disappoints and Fitch offers tough love for the euro - it's time for your FX Fix.
The euro steadied against the dollar, but investors are fretting about upcoming Spanish and Italian bond sales. [CNBC]
Hopes that Hungary would reach a deal with the IMF on financing lifted the forint. [WSJ]
Bank of New York Mellon is in talks with U.S. authorities to resolve a civil lawsuit claiming it overcharged customers on currency trades. [FT]
MULTI CURRENCIES VS THE DOLLAR
Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm and repeats on Saturdays at 7pm.
Learn more: The essential vocabulary for currency trading is on Key Currency Terms. Top strategies are broken down for you in Currency Class.
Talk back: Tell us what you want to hear about at firstname.lastname@example.org.