The euro is up against the dollar after a key German economic report showed increasing confidence in Europe's biggest economy.
The 16-nation currency climbed to $1.2692 on Wednesday, from $1.2673 late Tuesday, after the Ifo research institute said its business confidence index rose for the sixth straight month in August to 106.7 points.
A very weak report on U.S. home sales in July hurt the dollar on Tuesday, pushing it to its lowest level against the Japanese yen since June 1995. The dollar bought 84.48 yen on Wednesday, up from 83.61 yen on Tuesday.
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