The US dollar sank against the euro for a second straight day on Thursday as positive economic indicators swelled investors' appetite for risk. The euro fetched 1.3582 dollars in New York at 2230 GMT up from 1.3509 dollars at the same time on Wednesday. Analysts said news of a drop in new US jobless claimants and a spike in US manufacturing output were positive for the global economic outlook, with similarly strong reports from China, Japan and the eurozone also helping. 'The rally in currencies, equities and commodities indicate that investors are very optimistic about Fridays Non-Farm Payrolls report,' said Kathy Lien, a currency analyst with GFT. News from across the Atlantic also helped investors move to the euro, which is seen as higher risk than the greenback. Manufacturing in the eurozone defied forecasts in March, hitting a 40-month high, according to a sector survey released Thursday by data and research group Markit. Meanwhile the dollar was up against the Japanese currency, at 93.89 yen, versus 93.46 yen on Tuesday. For the fifth day in a row the British pound gained against the dollar. In late trade the pound fetched 1.5294 dollars, up from 1.5179 on Tuesday. The dollar fell to 1.0544 Swiss francs, from 1.0539 on Tuesday. 