LONDON: The dollar was slightly higher against the yen and the euro in Asian trade Tuesday as investors avoided making big moves ahead of Athens’ presentation of bailout proposals at an emergency summit in Brussels later in the day.
Around 0450 GMT, the dollar was at Y122.66, compared with Y122.57 late Monday in New York.
The U.S. currency was also a tad higher against the euro, which fell to $1.1029 midday, compared with $1.1057 overnight. The euro was at Y135.28, from Y135.52.
The WSJ Dollar Index, a measure of the dollar against a basket of major currencies, was up 0.15% at 87.44.
After Greece’s vote Sunday to reject its international creditors’ bailout conditions, investors will be keenly awaiting news from a planned summit scheduled for Tuesday evening. German Chancellor Angel Merkel and French President Francois Hollande on Monday called on Greece to craft urgent proposals to prevent an exit from the euro zone.
