Euro rises

HONG KONG: The euro pushed higher on Friday after Greece´s promise to provide new plans to reform its bailout, while Shanghai stocks continued their latest rally towards a seven-year high.
Traders moved into the single currency after Greece´s deal with its key European partners, who agreed to finish work “as fast as possible” on completing its EU-IMF rescue programme.
But while the dollar´s rally against the euro and yen fizzled out, analysts said they expect the currency to resume its advance as the US Federal Reserve prepares for a rate hike while the Japanese and European central banks print more cash.
In equities trade Tokyo swung from initial losses to end 0.43 percent higher, adding 83.66 points to 19,560.22, while Sydney added 0.40 percent, or 24.7 points, to close at 5,975.5.
Seoul was flat by the close, edging down 0.65 points to 2,037.24. Hong Kong dipped 0.26 percent.
Shanghai rallied 0.98 percent, or 35.05 points, to 3,617.32. The market has now climbed more than nine percent following an eight-session winning streak and is now at its highest level since mid 2008.