The euro advanced against other major currencies in the European session on Monday, as European stocks edged up after Greek international lenders reached agreement for the release of future tranche of aid to the debt-stricken country.
The deal will be given approval at Eurogroup meeting in Brussels. This will pave way for Greece to secure EUR 1.8 billion of financial aid.
Traders also await European Central Bank President Mario Draghi's speech in the European Parliament on monetary policy in the troubled eurozone.
Meanwhile, Eurozone investor confidence deteriorated in July after rising for two consecutive months, survey results from think-tank Sentix showed today.
The investor confidence index fell to -12.6 in July from -11.6 in June, also worse-than the expected reading of -11.7.
The euro resumed its early uptrend against the yen, reaching a 4-day high of 130.18. If the euro extends its bull run, it may find resistance around the 131.00 level.
Japan saw a current account surplus of 540.7 billion yen in May, the Ministry of Finance said today.
That missed forecasts for a surplus of 600.0 billion yen following the 750.0 billion yen surplus in April.
The single currency rose to 1.2849 against the greenback, up by 0.3 percent from an early low of 1.2807. On the upside, the euro may seek resistance around the 1.295 level
The euro strengthened to 0.8627 against the pound, up from last week's closing quote of 0.8611. If the euro extends its rally, it may face resistance around the 0.87 level.
The euro touched 1.2390 against the franc, a level not seen since June 10. Further bull run of the euro will see it targeting resistance around the 1.245 level.
Switzerland's unemployment rate stayed unchanged in June from the previous month, as expected by economists, latest data showed today.
The seasonally adjusted unemployment rate remained stable at 3.2 percent in June, data released by the State of Economic Affairs showed.
The euro gained to 1.3580 against the loonie, reversing from multi-week low of 1.3515 reached last week. The euro may eye next upside target around the 1.37 level.
At 8:30 am ET, Canada building permits for May are slated for release.
