Investing.com - The euro remained higher against the dollar on Tuesday, but gains were limited as a broad based selloff in the yen paused, dampening demand for riskier assets. EUR/USD hit 1.3069 during European afternoon trade, the pair’s highest since March 15; the pair subsequently consolidated at 1.3035, gaining 0.22%. The pair was likely to find support at 1.2967, Monday’s low and resistance at 1.3106, the high of March 15. The yen pulled back from multi-month lows against the euro and the dollar as traders locked in profits, but the weakening trend of the yen looked likely to remain intact amid the effects of the Bank of Japan’s massive new monetary stimulus program. In the euro zone, official data showed that German exports and imports fell unexpectedly in February, adding to concerns over the outlook for the euro zone’s largest economy. Germany’s trade surplus widened to EUR17.1 billion from 15.6 billion in January, above expectations for a surplus of EUR15.0 billion. German exports dropped 1.5% in February, while imports fell by 3.8%. The euro pared gains against the yen on Tuesday, with EUR/JPY easing 0.25% to 128.89, but remained supported close to the highest level since January 2010. Trade looked likely to remain subdued on Tuesday, with no major economic data releases from the U.S. on the calendar.

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