Euro gain more in eight months

The euro rose against dollar in the last eight months amid speculation traders who bets on its decline amid
Europe's soverign debt crisis had to buy back the currency as it strenghtened to a one week high.
Yen - the yen gained against all of its 16 major counter as MSCI world index of shares traded near the lowest since August and Reuters/Jefferies CRB index of 19 raw materials fell for a fourth straight last week.
A tremendous amount of risk has been taken off the table following gained strength.
The euro rose1.7% the large gain since september to $1.2570 from $1.2358 on May 14. It fell to  $1.2144
on May 19 before rebounding on May 23 to as much as $1.2672 the highest. The shared currency dropped
1.1% to 113.13yen,its fourth consecutive decline from 114.38.