The Australian dollar climbed against the other major currencies in Asian deals on Monday, as sentiment improved after concerns over soundness of banking sector in Portugal faded, and traders await testimony on monetary policy by Fed Chair Janet Yellen and European Central Bank President Mario Draghi due this week. Concerns over Portugal's Banco Espirito had eased after the country's central bank on Friday gave assurance that the lender could fulfill its capital requirements. Yen will deliver semiannual testimony before the Senate Banking Committee and House Financial Services Committee on Tuesday and Wednesday, respectively. Yellen is expected to provide outlook on the economy, and also discuss exit strategy of accommodative monetary policies. Mario Draghi will testify on monetary policy to the Committee on Economic and Monetary Affairs of the European Parliament later in the day. His speech will be closely watched for more details about the central bank's work on asset purchase prog
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