Asian major currencies gained versus their major counterpart the US dollar after the European Finance Ministers agreed to set a plan that works to fix the financial crisis, which pushed the investors to over come investing in higher yielding currencies.

Meanwhile, the Australian dollar has soared to the highest level in more than seven week against the greenback on European financial crunch optimism, supporting the demand for Aussie.

On the other hand, New Zealand dollar climbed as an agreement by Greek bondholders to accept 50% losses, supporting global stocks to close in almost three months high. Demand for the kiwi was supported after Reserve Bank Governor Alan Bollard signaled that borrowing costs may need to rise as the domestic economy rebounds next year.