The euro strengthened against the Japanese yen and the United States dollar on Tuesday, reaching its highest point against the former since August 2008 and hitting its highest value against the latter since April 12.
The latest PMI reports likely boosted the European Union's currency, as the Eurozone business activity stood at an 11-month high, while the US composite PMI fell to its lowest point in four months. Meanwhile, over in Japan, investors are focusing on the Bank of Japan's meeting, which will be held on April 26.
After briefly hitting 165.75, the euro rose 0.44% against the yen at 4:43 pm CET, going for 165.67. The euro added 0.45% against the dollar a minute later, changing hands for 1.07044.
