Investing.com - The U.S. dollar was broadly higher against its major counterparts in Asian trade Friday, with the notable exception of the Japanese yen, following strong gains on Wall Street after European officials unveiled a plan to tackle the region’s debt crisis.
In mid-day Asian trade, the greenback was higher against the euro, with EUR/USD falling 0.15% to hit 1.4167.
On Thursday, European leaders presented a plan to address the debt crisis in the euro zone, including an expansion of their rescue fund, and an agreement from private investors to take a 50% write-down in their holdings of Greek government debt.
Officials agreed to expand the European Financial Stability Facility to USD1.4 trillion by persuading bondholders to accrue losses on Greek debt as well a recapitalization of European banks. The deal includes the possibility of an enhanced role for the International Monetary Fund to strengthen the bailout fund.
Japan’s Finance Minister Jun Azumi reiterated that Japan would take decisive action to prevent further excessive moves by the yen.
Elsewhere, the U.S. dollar was trading hovering just above the all-time low against the yen, with USD/JPY down 0.13% to hit 75.84.
Japan’s Finance Minister Jun Azumi reiterated that Japan would take decisive action to prevent further excessive moves by the yen.
The greenback was also higher against its Canadian, Australian and New Zealand counterparts with USD/CAD up 0.23% to hit 0.9933, AUD/USD lower by 0.54% to hit 1.0671, and NZD/USD falling 0.30% to hit 0.8202.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.09% at 75.17.
The U.S. Bureau of Economic Analysis was scheduled to release its latest monthly report on consumer spending later Friday.