The euro advanced on Thursday as German yields escalated on easing deflation woes.
Bund yields recorded their largest daily increase in two years following German inflation climbed faster than predicted in April.
The common currency stood at $1.2000, moving away from this month’s $1.0521 trough. Against the British pound and the Japanese yen, the shared currency traded at 72.28 pence and ¥133.00, respectively.
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