Hiroshi Maeba

The euro and Asian shares rose on Monday after Cyprus did a last-ditch deal with international lenders for a 10-billion-euro bailout hours before a deadline to avert a financial collapse on the Mediterranean island.

The dollar touched a fresh three-and-a-year peak against the yen and Asian shares rose on Friday, as gains in US stocks on solid data and Chinese exports beating forecast underpinned investor risk sentiment while denting demand for safe-haven gold.

Asian shares edged higher on Monday, with investors still picking up shares battered by last week's steep plunge, while the yen fell to fresh lows on news a reflationary advocate could head the Bank of Japan next month.

The euro and Asian shares rose on Monday after Cyprus did a last-ditch deal with international lenders for a 10-billion-euro bailout hours before a deadline to avert a financial collapse on the Mediterranean island.

The dollar touched a fresh three-and-a-year peak against the yen and Asian shares rose on Friday, as gains in US stocks on solid data and Chinese exports beating forecast underpinned investor risk sentiment while denting demand for safe-haven gold.

Asian shares edged higher on Monday, with investors still picking up shares battered by last week's steep plunge, while the yen fell to fresh lows on news a reflationary advocate could head the Bank of Japan next month.