The euro gained today as the reports showed that the import prices in Germany rose and the retail sales in Italy increased. The currency struggles to maintain gains as the concerns about the debt crisis undermine the confidence in the European economy despite the good reports.
The index of the German import prices increased by 1.2 percent from October to November, compared to the expected value of 0.5 percent. The Italian retail trade index increased by 0.3 percent in October, following the 0.3 percent decline in September.
EUR/USD rose from 1.3100 to 1.3141 today as of 11:54 GMT. EUR/JPY traded near 109.82 after it opened at 109.70 and jumped to 110.10.
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