Euro Gains on Greece Debt Plan Optimism – Bloomberg

The euro rose toward a one-month high against the dollar after European Central Bank President Jean- Claude Trichet indicated his willingness to sanction bond rollovers in Greece. Asian commodity stocks declined as copper snapped a two-day rally and oil fell before OPEC meets tomorrow.

The euro climbed 0.3 percent to $1.4612 as of 3 p.m. in Tokyo. The Australian dollar reversed gains after the central bank left interest rates unchanged. Gauges of materials and energy stocks the biggest drags on the MSCI Asia Pacific Index, which was little changed. Standard & Poor’s 500 Index futures added 0.3 percent, following a four-day slump in the measure. Euro Stoxx 50 Index futures slipped 0.5 percent. Copper sank 0.5 percent in London. Crude decreased 0.4 percent in New York.

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