Euro Approaches Two-Week High Against Yen on Growth; Kiwi Climbs

The euro approached a two-week high against the yen before German reports this week that analysts said will show the region’s largest economy is gaining momentum.

The euro gained versus most of its 16 major peers before a report this week based on surveys of purchasing managers will show services and manufacturing in the bloc expanded this month at the fastest pace in two years, according to analysts in a Bloomberg News survey. The yen weakened after Japan’s trade deficit widened in July. New Zealand’s dollar climbed against all of its 16 major counterparts after services industries expanded and producer prices increased.