TOKYO, June 22: The euro rose against other major currencies today as new reform proposals by Greece fuelled optimism that Athens may be able to clinch a bailout deal with its creditors and avoid defaulting on its debt.
The single currency climbed to $1.1396 and 139.87 yen in Tokyo from $1.1349 and 139.23 yen in New York late Friday. The dollar fetched 122.73 yen against 122.69 yen in US trade.
Eurozone leaders were set to hold an emergency meeting later Monday.
Athens put forward new proposals to its creditors ahead of the crunch summit, offering a ray of hope that a deal to end the country's debt crisis can be struck after five months of deadlock.
The dollar was lower against other Asia-Pacific currencies.
It slipped to 1,098.70 South Korean won from 1,106.94 won on Friday, to 63.46 Indian rupees from 63.79 rupees and to 45.00 Philippine pesos from 45.06 pesos.
The greenback fell to 13,302.00 Indonesian rupiah from 13,317.30 rupiah, to 33.63 Thai baht from 33.66 baht, to Sg$1.3306 from Sg$1.3356 and to Tw$30.72 from Tw$30.78.