Euro Lifts, Dollar Drifts, Hungary Is On Hold
By: Kelley Holland | News Writer
Italy lifts the euro but China sinks the Aussie -it's time for your FX Fix.
Declining Italian borrowing costs lifted the euro, but weaker euro zone confidence data kept gains limited. [FT]
After slipping on Wednesday, the dollar index remained near a multi-month low ahead of the Jackson Hole economic confab. [dailyfx.com]
A euro zone collapse could shave 10 percent off German GDP, a government advisor said. [CNBC]
Concerns about China and the outlook for commodity prices weighed on the Australian dollar. [WSJ]
A retail sales report from Japan was wobbly, but the yen showed little reaction. [dailyfx.com]
Never mind: Hungary's economy minister said his country, central Europe's most indebted nation, should hold off on joining the euro zone for two decades. [CNBC]
Egyptian President Mohammed Morsi ruled out a managed devaluation of the Egyptian pound. [FT]
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