Euro holds steady on hopes for Greek debt deal

TOKYO: The euro held steady in Asia on Wednesday after gaining ground on hopes for a deal on Greek debt restructuring while the yen edged down after worse-than-expected economic data from Japan.

The euro fetched $1.3247 and 101.87 yen in Tokyo morning trade on Wednesday against $1.3261 and 101.82 yen in New York late Tuesday.

The single currency got a boost overnight from reports that a final debt rescheduling deal between Greece and its creditors had been drafted and could be signed soon.

The dollar edged up to 76.92 yen from 76.78 yen in New York after Japan announced worse-than-expected figures in its current account, the broadest measure of trade with the rest of the world.

But the dollar's rise against the yen was likely limited, analysts said. (AFP)