The euro rallied strongly against the dollar and yen on Tuesday as better-than-expected euro zone data bolstered expectations the European Central Bank will keep policy steady when it meets this week. The rally in the single currency gained momentum during the New York session as investors positioned for the ECB meeting, pushing the euro's gains against the dollar for the year up to 3 percent.
The euro last traded at $1.3587, up 0.5 percent on the day and near the session peak at $1.3597, but below a near 15-month high of $1.3711 struck on Friday. Chart support was seen at $1.3413, a low hit on January 29. The dollar rose as high as 93.51 yen, its highest since mid-2010. It last traded at 93.36 yen, up 1.1 percent on the day, according to Reuters data. The euro last traded at 126.84 yen, up 1.6 percent on the day, with the session peak of 126.90 close to the high of 126.96 touched last Friday, the highest since mid April, 2010, using Reuters data.
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