Asian major currencies increased against the major counterpart the US dollar after the European governments announced that they are exploring speeding the start of a permanent rescue fund for their cash-strapped economies and senior finance officials will examine next week the cost advantages of setting up the fund, known as the European Stability Mechanism.

Moreover, the greenback and Japanese yen declined as global stock markets soared on optimism ECB to take action to contain the region's debt crisis that reached to critical levels during the time, while the Germany with France are going to introduce more stimulus to support the crisis, rebounding the investors' confidence for the global economy.