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The dollar rose against other major currencies in Asia this morning as robust US data pointed to an ongoing economic recovery and worries persisted over debt-ridden Greece, analysts said.
The euro, which shot as high as 1.34 dollars briefly in New York on Friday as Greece officially requested a rescue package from the European Union and International Monetary Fund, fell back in Asian trade Monday.
The single European currency was quoted at 1.3373 dollars in Tokyo morning trade, down from 1.3384 dollars in New York late Friday.
The euro rose to 126.26 yen from 125.68 yen as higher stock prices prompted fund flows from the yen to riskier currencies, analysts said.
Investors were "not entirely heartened" by the weekend news on Greece, Mizuho Corporate Bank market analyst Daisuke Karakama said, noting the Greek debt problem is far from resolved.
The dollar was also up against the Japanese currency, trading at 94.36 yen in Tokyo after 93.97 yen in New York.
"Positive news from the US side, including strong homes sales, helped boost the dollar" as they confirmed the continuing strength of the US economic recovery, Karakama said.
