The euro has made gains against the dollar and the yen as markets react to the eurozone deal aimed at shoring up Spain's troubled banks, BBC News reported.


In early Asian trading on Monday the euro bought $1.2671 and 100.73 yen, up from $1.2514 and 99.49 yen in New York on Friday.
Japan's, Hong Kong's and South Korea's main indexes all rose about 2%.


On Saturday, eurozone ministers agreed to lend Madrid up to 100bn euros ($125bn; £80bn) to help its banks.
Spanish PM Mariano Rajoy hailed the decision as a victory for the single currency.


Markets are said to be reacting positively as the loan was larger than expected and has helped remove uncertainty over the crisis.
It could also buy time for EU policymakers to work with other weak economies threatening the future of the 17-nation bloc, analysts have said.


However, Stephen Davies from Javelin Wealth Management pointed out that it also shows "the degree of strain within the European banking system".


"It reflects the fairly dire strait within which Europe continues to find itself," he said.