The euro edged slightly higher on the
day, although mixed signals on progress in negotiations over Greece
continued to weigh on it.
Greece's
government intended to reach an agreement with its lenders on a
cash-for-reforms deal by Sunday, its spokesman said on Thursday,
brushing off comments from eurozone officials suggesting a deal was far
from imminent.
The euro traded at $1.0950 EUR=, up slightly on the day and holding above a one-month low of $1.0819 touched on Wednesday.
An index tracking the dollar against a basket of six major currencies was flat at 96.998 .DXY, still on track for a weekly rise.
Later in the session, revised growth figures are expected to underscore that the U.S. economy stalled in the first quarter of this year.
A Reuters
poll last week forecast U.S. GDP numbers USGDPP=ECI would be massively
revised down and show a 0.7 percent contraction in the first three
months of this year.
Strategists at Barclays forecast a contraction of 1.1 percent in a note to clients, compared with 0.2 percent growth in the initial report, due to weak inventories in March and a larger drag from the trade deficit than initially estimated.
But U.S. data overnight, particularly upbeat home sales, reinforced the view the economy was recovering and that the U.S. Federal Reserve would raise interest rates later this year, increasing the greenback's appeal.
The Australian dollar was up about 0.2 percent on the day at $0.7663 AUD=D4, but not far from a six-week nadir of $0.7618 plumbed in the previous session.
The Reserve Bank of Australia will meet next Tuesday and is expected to hold its policy rate steady at 2 percent, but a weak business investment survey increased speculation that more easing was likely later this year.
The euro traded at $1.0950 EUR=, up slightly on the day and holding above a one-month low of $1.0819 touched on Wednesday.
An index tracking the dollar against a basket of six major currencies was flat at 96.998 .DXY, still on track for a weekly rise.
Later in the session, revised growth figures are expected to underscore that the U.S. economy stalled in the first quarter of this year.
Strategists at Barclays forecast a contraction of 1.1 percent in a note to clients, compared with 0.2 percent growth in the initial report, due to weak inventories in March and a larger drag from the trade deficit than initially estimated.
But U.S. data overnight, particularly upbeat home sales, reinforced the view the economy was recovering and that the U.S. Federal Reserve would raise interest rates later this year, increasing the greenback's appeal.
The Australian dollar was up about 0.2 percent on the day at $0.7663 AUD=D4, but not far from a six-week nadir of $0.7618 plumbed in the previous session.
The Reserve Bank of Australia will meet next Tuesday and is expected to hold its policy rate steady at 2 percent, but a weak business investment survey increased speculation that more easing was likely later this year.
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