Published by Zeb BhamAsian currencies are set to record a week of strong rises as shares in the region pull out of a recent slump and European leaders pledge concerted action to resolve Greece's debt crisis.Speaking to Bloomberg, Roland Avante, treasurer at Sterling Bank of Asia in Manila, said that European leaders' promise of "determined and coordinated action" should help to calm the markets."The statement should start sparing emerging markets from the effects of the sovereign crisis happening in Europe," he declared.In foreign exchange trading sessions so far this week, South Korea's won has registered the strongest gains, with a further 1.4 per cent rise witnessed this morning. Meanwhile, Indonesia's rupiah climbed 0.8 per cent, according to Bloomberg figures.Despite the calls for a united front to contain the Greek debt crisis, European leaders have thus far failed to develop a firm package to prop up the country's ailing economy, with German chancellor Angela Merkel prominent among those opposed to such a recovery plan.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site