The euro advanced against the dollar and reached a four-month high versus the yen afterGreece won parliamentary approval for a new international bailout, boosting demand for the region’s assets.

The 17-nation currency rose against 14 of 16 major counterparts before reports tomorrow forecast to show an expansion of services and factory output in Germany, Europe’s largest economy. The dollar weakened before Federal Reserve Chairman Ben S. Bernanke tells Congress that financial strains in Europe have eased, according to testimony prepared for delivery today. The yen fell before a report tomorrow projected to show Japanese exports declined for a fifth month.

“Some of the reports coming out of Europe and the Greek vote going through is supportive of the euro in the near term,” said Derek Mumford, a director in Sydney at Rochford Capital, a currency-risk management company.

The euro rose 0.3 percent to $1.3267 as of 10:15 a.m. in Tokyo. The 17-nation currency climbed 0.2 percent to 110.97 yen and earlier touched 110.99, the most since Oct. 31. The yen rose 0.1 percent to 83.64 per dollar.

Greece’s Prime Minister Lucas Papademos won approval for a new 130 billion-euro ($172 billion) aid package that will keep the country’s possible financial collapse at bay. A total of 213 lawmakers voted today in favor of the legislation and 79 against, Acting Parliament Speaker Grigoris Niotis said in remarks carried live on state-run Vouli TV.

Demand for the euro may also be bolstered before the release of purchasing managers indexes tomorrow from London- based Markit Economics that are predicted to show manufacturing and services growth accelerated in Germany. A measure of factory output climbed to 51 this month from 50.2 in February while a gauge of services rose to 53.1 from 52.8, according to median projections in Bloomberg News surveys of economists.

To contact the reporters on this story: Candice Zachariahs in Sydney atczachariahs2@bloomberg.net

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