Euro trade cautious ahead of promised Greek deal

Euro trade cautious ahead of promised Greek deal

Trade in the euro was cautious in Asia Thursday with the market focused on Greece's efforts to reach a deal on debt restructuring.

The single unit stood at $1.3248 and 102.22 yen, from $1.3260 and 102.14 yen. The dollar was at 77.15 yen, edging up from 77.03 yen in New York.

"It's another quiet Asian session ahead, but it should be an eventful night in Europe," said Emma Lawson, currency strategist at National Australia Bank.

Greek government coalition leaders ended lengthy talks on austerity measures Wednesday, with one remaining point of disagreement, the prime minister's office said.

Agreement on new measures demanded by the EU, the IMF and the European Central Bank and on a debt writedown by banks would open the way for a second rescue and close a key chapter in the eurozone crisis.

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