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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]

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