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Risk Appetite Rises and Euro Lifts on Economic Reports

Good news lifts the euro, but hedge funds aren't so sure - it's time for your FX Fix.

The euro rose on better than expected economic data from Germany and China, but traders don't expect it to last. [CNBC]

The stronger than expected reports from Germany and China boosted risk appetite and pressured the dollar. [WSJ]

Signs that the British manufacturing sector is stabilizing helped push the pound higher against the dollar and the yen. [Nasdaq]

The Australian dollar rose sharply in Asian trading on improved risk appetite. [fxstreet.com]

Hedge funds' bets against the euro were at an all-time high in the last week of 2011. [CNBC]

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