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Euro Steadies, Pound Slips, Hungary Talks to the IMF

Wednesday, 11 Jan 2012 | 7:40 AM ET

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]

The British pound weakened after data showed the U.K. trade gap widened more than expected. [Nasdaq]

A senior official at Fitch said the European Central Bank needs to do more to prevent a euro collapse. [Reuters]

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]

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