Euro Crisis

Greek Debt Deal Leads to Boost in Euro, Asian Shares

Value of euro hits one-month high


The euro hit a one-month high and Asian shares climbed for a seventh straight day on Tuesday after a deal on new debt targets for Greece and a political agreement on disbursing the next installment of aid.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent to its highest level in more than two weeks. Australian and South Korean shares both gained 0.5 percent.

"Although somewhat anticipated by the market, the successful agreement over Greece's emergency aid is expected to be an upside influence," Um Tae-woong, an analyst at Bookook Securities, said of Seoul shares.