Euro Rises to Seven-Week High After German Exports; Aussie Jumps

The euro strengthened to a seven-week high against the dollar after a government report showed German exports increased in June, adding to signs the region’s largest economy is strengthening.

The shared currency advanced versus all most of its major counterparts as the trade surplus widened to 16.9 billion euros ($22.6 billion) from a revised 13.6 billion euros in May. The yen rose for a fifth day against the dollar as the Bank of Japan refrained from boosting it stimulus measures that tend to weaken a currency. Australia’s dollar climbed to its highest level this month after China, its biggest trading partner, reported imports and exports for July that beat economists estimates.