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Euro Advances Against Dollar, Yen as German Facctory Orders Rise

May 7 (Bloomberg) -- The euro advanced against the dollar and erased a drop versus the yen after a report showed German factory orders unexpectedly jumped in March.

The 17-member currency gained 0.3 percent to $1.3110 as of 11:10 a.m. London time. It strengthened 0.2 percent to 130.10 yen after earlier dropping as much as 0.5 percent.

To contact the reporter on this story: Lucy Meakin in London at

To contact the editor responsible for this story: Paul Dobson at

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