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EU's Moscovici: France will be the only country with a deficit of over 3% next year

Adding to his earlier comments, European economic commissioner Pierre Moscovici was further noted saying that France will be the only country with a deficit of over 3% next year but won't be sanctioned over the budget deficit.

Key quotes:

   •  Rules allow for limit breaks if they are "limited, temporary and exceptional".
   •  French and Italian cases are not similar.
   •  Italy is launching a multi-year stimulus package.

Hungary: MC to keep policy rates on hold - TDS

According to analysts at TD Securities, there is little doubt that the Hungary’s Monetary Council (MC) will keep all its policy rates on hold today.
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AUD/USD surrenders early modest gains to 0.7200 handle, turns neutral

   •  A modest USD uptick keeps a lid on any meaningful up-move.    •  Fed rate hike uncertainty might continue to help limit downside.    •  Trader
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