German data boosts euro; yen hits 7-year low

London

THE euro regained ground against the dollar on Tuesday after a better than expected survey of German economic sentiment while the yen touched a seven-year low after a snap election was called in Japan.

The euro jumped around half a cent after the German ZEW index rose for the time in nearly a year. Most action was in the yen, however, which passed 117 per dollar, its lowest since 2007, and hit a six-year trough against the euro before recovering.