The euro's advance against the dollar ran out of steam on Tuesday, following a three-day winning streak, after disappointing German data and comments from Eurogroup chief Jean-Claude Juncker that the euro was "dangerously high."

Sentiment was hurt by a report from Germany's Federal Statistics Office, which said the nation's economy grew 0.7% last year, down from 3% in 2011. The report came as a sign that Europe's largest economy is struggling to fight off the financial woes hitting the rest of the Eurozone.

The euro fell under $1.33 after Juncker's comments and later traded at around $1.3313 compared to $1.3385 on Monday. The single currency changed hands at ¥118.33 from ¥119.50.

The dollar index, which measures the greenback against a basket of six major currencies, rose to 79.721 from 79.462 on Monday.

The yen recovered strongly against major currencies after a Japanese government minister warned against an overly weak currency. Economics Minister Akira Amari said excessive yen weakness could lead to rising import prices. The Bank of Japan holds its policy meeting next week.

The pound traded at $1.6068 from $1.6078 the session before.



CJ

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