Manufacturing is picking up despite slack consumer demand. Empire State is showing continued improvement. The hope is demand will follow.
The index jumped to 12.1 in August from -0.55 in July.
EUR/USD has ticked up into the 1.4070s. Resistance is here at 1.4080.
Exporter offers in USD/JPY are seen at 94.80 today, down from 96.50 last week.