The euro extended recent gains vis-Ã -vis the U.S. dollar today as the single currency tested offers around the US$ 1.4100 figure and was supported around the $1.3980 level. Australasian dealers sold the common currency but European and North American dealers lifted the pair higher on improving eurozone economic data that saw June overall economic sentiment rise sharply to 73.3 from 70.2 in May. This represented the third consecutive monthly increase. German Chancellor Merkel reported the German economy €œmight reach the bottom of the crisis soon, but the international crisis won€™t be over with.€ European Economic and Monetary Affairs Commissioner Alumnia reported €œThere is a need to do stress tests (at banks), in a coordinated way (across Europe), so that we can send information that is as clear as possible to financial markets. There is a deficit of transparency about the real state of the balance sheets of many banks which creates uncertainty.€ In U.S. news, the Chicago Fed reported its National Activity Index weakened to -2.30 in May from -2.27 in April. June non-farm payrolls data will be released on Thursday. Euro bids are cited around the US$ 1.3435 level.