The euro settled at a 15-year high against the yen on Thursday, thanks to signs of continued inflation in Europe, while the dollar came under pressure ahead of consumption, inflation and jobs data that could provide new evidence of slowing economic growth.
Data on Wednesday showed that the annual inflation rate in Germany and Spain barely slowed in August, contrary to expectations.
Dealers saw that this increases the chances of raising interest rates in Europe next month, and they bought the euro, which rose 0.4 percent to $1.0923.
The euro stabilized in early Asian trading and is now rising for three consecutive sessions against the dollar and five consecutive sessions against the yen, reaching a 15-year high of 159.76 yen.
The British pound also rose with the euro, and retained its recent gains, recording $1.2713.
