Stronger export data in Germany in June prompted the shared currency of the European Union to push near its seven-week height against the world's reserve currency on Thursday, serving as an indication as to the growing strength of the euro zone's biggest regional economy, Bloomberg reports.
The Federal Statistics Office released data noting exports advanced 0.6 percent in June as compared to May. The monetary unit's advance against the greenback was roughly 0.2 percent.
The nation's trade surplus grew to 16.9 billion euros in June after checking in at a revised amount of 13.6 billion euros during May. Regional manufacturing climbed for the first time in two years in July, according to Markit Economics. That also spurred the euro higher.
Thus far this year, the shared currency has climbed about 5.6 percent against the U.S. dollar.
Speculation continues mounting about the status of economy-spurring measures of the U.S. Federal Reserve, according to Investing.com. The body said last month it is aiming to reduce stimulus measures during the upcoming months and slash it completely by the end of the year.
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