Euro gains for increased exports

Euro gained against dollar when a Germany’s government reports showed that the exports have increased with a high pace in last two years. The currency climbed from a seven week low to a new high and yen also reached a new high after being at a low for almost seven months.

A U.S. report yesterday showed that the pending home re-sales lowered in the month of June and it signaled that American economy was not benefited by latest developments and hence Yen increased against dollar that reached 109.44 yen from 109.79 yen