For a second week in a row, Asian currencies continue their upside movement against the American currency as the investors' confidence increased for global recovery after the G-20's meeting.

Meanwhile, the G20 meeting held in Paris on Saturday put more pressure on European leaders to unveil a clear and comprehensive strategy to contain the two-year old sovereign debt crisis by the coming European summit.

Moreover, Germany and France pledged to deliver a plan to support banks and introduce more stimuli to contain the escalating sovereign crisis while Slovakia is set to approve Europe's enhanced bailout fund today or tomorrow, completing the ratification process across the 17 euro countries, increasing the demand for higher yielding currencies.

The Australian dollar extended its gains versus the greenback which traded around the highest level in more than 3 weeks, also NZ's currency inclined against the US dollar.