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]
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