Manufacturing Data Surprises, Risk Appetite Rises
The dollar is slipping as manufacturing reports get investors hungry for risk.
The dollar hit a three-month low against the yen, sparking talk that the Japanese may intervene in the market. [CNBC]
Other currencies also rose against the dollar on better than expected manufacturing reports. [WSJ]
Hedge funds are bracing for a euro breakup and looking for ways to protect their portfolios. [CNBC]
A survey of euro zone manufacturing activity, while still showing weakness, was revised up, and the euro rose. [Reuters]
The Australian dollar and other currencies from commodity-exporting countries rose on stronger than expected manufacturing activity in the euro zone, China, and Germany. [fxstreet.com]
The Brazilian real strengthened on continued investment inflows as foreign investors return to the Brazilian stock market. [WSJ]
MULTI CURRENCIES VS THE DOLLAR
Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm and repeats on Saturdays at 7pm.
Learn more: The essential vocabulary for currency trading is on Key Currency Terms. Top strategies are broken down for you in Currency Class.
Talk back: Tell us what you want to hear about at email@example.com.