2nd July 2015
The US dollar was at a three-week high against its major peers on Thursday, ahead of the release of key jobs data expected to push the Federal Reserve closer to hiking interest rates this year.
Greenback strength was supported as investors watched for another strong non-farm payrolls report after May’s unexpectedly positive data that saw 280,000 jobs created.
The dollar index - a gauge of the buck’s strength against a basket of currencies - reached its strongest in three weeks.
Sterling was down around a two-and-a-half week low, while the euro managed to stave off concerns around Greece to pare back some of its recent losses.
New Zealand’s dollar sank to fresh five-year lows against the greenback as its Australian counterpart also dipped.
Worries about Greece were largely put on ice as bailout talks were suspended until Sunday’s referendum on a proposed package of reforms required to unlock fresh funds.
Stocks in Europe were flat after Asian shares climbed overnight despite another weak session in Shanghai, where China’s benchmark index extended its run of losses to end more than 25 per cent down from its June peak.
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