The euro climbs in a surprising move driven by flows linked to Japan



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The euro rose Friday when traders said it could spur the expected demand for the single currency stemming from the plans of the Japanese bank to buy German multimillion aviation business.
The single currency recorded a jump in late Asian trading on Friday, when the euro rose to its highest level in two weeks and a half.
The euro, after touching for $ 1,1294, the highest level since March 26, rose by 0.35 percent to $ 1.1289. The single currency rose by 0.4 percent to 126.23 yen, the strongest since March 21.
Traders said that speculators are buying the euro in response to reports that Japan's Mitsubishi UFJ is planning to buy aviation financial activities at Deutsche Bank AG.
The dollar index, which follows the US dollar's performance against the rival basket, has fallen to the pressure of rising the euro by 0.2 percent to 96,991, with most of the gains made in the previous session being reduced.
With the general fall of the dollar, the sterling rose by 0.2 percent to $ 1.3078, with the major part losing its day. Agencies

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