KONTAK PERKASA FUTURES – The dollar held gains, trading near a two-year high versus the euro amid concern early elections in Greece risk severing the country’s bailout agreement. Japanese equity-index futures were bid lower, while crude oil climbed.
The greenback was steady at $1.2152 per euro by 8:48 a.m. in Tokyo after the Bloomberg Dollar Spot Index climbed to near a five-year high. The yen traded at 120.67 a dollar after two days of losses. Futures on Japan’s Nikkei 225 Stock Average were bid down 0.1 percent in the Osaka pre-market, with indexes in Australia and New Zealand little changed. Standard & Poor’s 500 Index futures added 0.1 percent after the gauge set a fresh record. West Texas Intermediate oil rose from a five-year low.
The dollar is poised for its first annual advance since at least 1989 against all of its 31 major peers, buoyed by an improving U.S. economy and indications that the Federal Reserve will raise interest rates next year. The stronger greenback has hit commodities, which have also been dragged lower by crude’s retreat into a bear market. Greece’s prime minister said he’ll ask for a vote to be held next month after failing to get his presidential nominee confirmed. Thai trade data is due today.