U.S. Dollar Rallies as Greek Worries Fester

The dollar stayed bid early in Asia on Thursday as the market geared up for a deluge of U.S. data that could back expectations for the Federal Reserve to lift interest rates sooner rather than later.

The euro, meanwhile, remained under a cloud with Greece’s debt crisis unlikely to be resolved before Sunday’s referendum. Prime Minister Alexis Tsipras on Wednesday urged Greeks to reject an international bailout deal, souring hopes of any breakthrough.

The dollar index came within a whisker of a three-week peak set on Monday. It last stood at 96.321, following a 0.8 percent gain on Wednesday.  Against the yen, the greenback fetched 123.22, pulling further away from a five-week trough of 121.93. The euro slipped to $1.1044, continuing to retreat from Monday’s high of $1.1279.