Euro rebounds in Asia after drop on ECB easing plan reports

TOKYO, Oct 22 (AFP):  The euro rebounded modestly in Asia on Wednesday after it dropped in New York on reports that the European Central Bank could expand its bond-buying programme.

In Tokyo afternoon trade, the common currency fetched $1.2723 and 136.15 yen against $1.2714 and 136.04 yen in US trading on Tuesday. The single currency had been at $1.2800 and 136.86 yen the previous day.

The dollar edged up to 107.02 yen from 106.99 yen, after fresh data Tuesday showed US existing-home sales rebounded in September from a dip in August to their highest pace of the year.