The euro stabilised on Wednesday and Asian shares rose after the Greek government won a vote of confidence as expected, prompting investors to shift focus to the US Federal Reserve's news conference due later in the day for further cues.
The euro last traded at $1.4366 , extending its recovery from a three-week low of $1.4073 it hit last Thursday, but below the high of $1.4435 it touched after the vote in Athens, bringing the beleaguered country a step closer to a €12bn aid package.
If Greece avoids defaulting on its sovereign debt, it could help renew confidence in the single currency, though the head of the world's largest bond fund Pimco said Greece's way out of its debt problem would be through default.
Next in line is the Fed meeting which began on Tuesday, against the backdrop of a weakening US economy that will likely force policymakers to plan for the possibility that things may get worse.
