Early trade in New York: Euro helped by risk appetite

The euro and high-yielding currencies rose on Tuesday, boosted by improved risk appetite after Chinese data eased global growth concerns. Traders however, remained cautious the single currency remained a sell on rallies, owing to Greece's debt crisis and uncertainty over how much the private sector will be involved in a new financial aid package for Athens.
The high-yielding Aussie was up 0.8 percent at $1.0688 after a report showed Chinese inflation surged to its highest in 34 months. A rise in Chinese industrial output for May at 13.3 percent, just north of expectations, also helped risk appetite. The euro hit a session high of $1.4487 on the EBS trading platform before easing back to $1.44715, up 0.4 percent for the day.