Euro up on gains in Asian stocks

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TOKYO: The euro traded higher against the dollar and yen in Asia on Friday on improved risk sentiment spurred by gains in Asian stock markets, dealers said.

The euro fetched $1.3326 and 108.21 yen in Tokyo morning trade, compared with $1.3311 and 107.97 yen in New York.

The dollar was changing hands at 81.20 yen against 81.10 yen in New York.

"No fresh news is behind the rise, but risk sentiment is improving," a trader at a major Japanese bank told Dow Jones Newswires.

Tokyo stocks opened up 0.68 percent on Friday helped by a cheap yen and positive US jobs and retail data that pushed up shares on Wall Street overnight.

Chinese, Hong Kong, Taiwanese and South Korean stocks all saw gains Friday morning.

Investors' eyes are on figures for Japan's current account due out next week and US jobs data due out later Friday, as well as a European leaders' summit, Masafumi Yamamoto of Barclays Capital said in a note to clients. (AFP)
 
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