SINGAPORE: Asian shares edged up on Thursday and the euro held the previous session's gains made after reports that the European Central Bank will buy unlimited amounts of short-term sovereign bonds to cap surging borrowing costs in indebted euro zone states.
The single currency jumped more than 1 euro cent on Wednesday to a high of $1.2625 after a string of leaks from euro zone officials raised expectations that the ECB will unveil a bond intervention plan after Thursday's policy meeting.
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