Continuing with the trend we mentioned yesterday, yen fell to the lowest level in almost a week against the euro because stocks rose around the world after the Group of 20 nations agreed to hold up the global economy, reducing demand for the Japanese currency.

The yen dropped against Canadian and New Zealand dollars in Forex trading online, as a report showed German factory orders expanded in July more than what economists predicted. Australia’s dollar rose to the highest level in a year against the U.S. currency as the MSCI World Index advanced for a third day, remember that the MSCI Index is composed by 1500 stocks of the most important companies in the entire world.

The pound earlier reached its highest level in almost two weeks versus the dollar after Kraft Foods Inc. said it offered to buy U.K. candy maker Cadbury Plc. Bank of England policy makers held the key interest rate at 0.5 percent on Aug. 6 and expanded their asset-purchase program by 50 billion pounds ($82 billion) to 175 billion pounds.