US$ firm in Asia with focus on Fed rate hike timing
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Singapore
THE US dollar firmed in Asia on Monday with investors focusing on the timing of a US interest rate increase after debt-strapped Greece reached a bailout agreement with its creditors.
The US dollar rose to 124.17 Japanese yen in afternoon Singapore trade from 124.09 yen late on Friday in New York. The euro weakened to US$1.0827 from US$1.0830 after the US dollar pushed to a three-month high against the single currency on Friday. The euro was changing hands at 134.44 yen from 134.38 yen. Japanese markets were closed on Monday for a public holiday.
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