Dec. 21 (Bloomberg) -- The euro advanced as Asian stocks rose and before the European Central Bank announces results of its first tranche of unlimited three-year loans.

The common currency rose 0.3 percent to $1.3115 and 0.2 percent to 102.08 yen as of 9:15 a.m. in Tokyo from yesterday in New York.

The MSCI Asia Pacific Index of stocks climbed 1.1 percent.

To contact the reporter on this story: Candice Zachariahs in Sydney at czachariahs2@bloomberg.net

To contact the editor responsible for this story: Benjamin Purvis at bpurvis@bloomberg.net