Dollar index edges higher with Greece talks, U.S. data in focus

Investing.com - Investing.com - The dollar edged higher against a basket of other major currencies on Thursday, as investors continued to focus on Greek debt negotiations and awaited the release of U.S. personal spending and jobless claims data later in the day.
The dollar found support after the Commerce Department reported on Wednesday that U.S. gross domestic product contracted at a rate of 0.2% in the three months ending March 31, in line with expectations and compared to a previous estimate of a 0.7% contraction.
The U.S. dollar index, which measures the greenback's strength against a trade-weighted basket of six major currencies, was up 0.17% at 95.60.
EUR/USD slipped 0.28% to 1.1173 after late night talks between Greek Prime Minister Alexis Tsipras, the European Commission, the European Central Bank and the International Monetary Fund ended without agreement on Wednesday.
Discussions were expected to resume in Brussels on Thursday morning, ahead of a Eurogroup meeting of euro zone finance ministers scheduled later in the day.
Tsipras had told associates on Wednesday that some of Greece's latest proposed reform measures had not been accepted by creditors.
Greece has to repay € 1.6 billion to the IMF on June 30 or face going into default, which could trigger the country's exit from the euro area.
Earlier Thursday, data showed that Germany's Gfk consumer climate index ticked down to 10.1 in June from 10.2 the previous month, in line with expectations.
The pound was also lower, with GBP/USD down 0.12% at 1.5688.
Elsewhere, the dollar was lower against the yen, with USD/JPY down 0.35% to 123.42 and higher against the Swiss franc, with USD/CHF climbing 0.54% to 0.9388.
The Swiss National Bank Chief Thomas Jordan earlier said that the franc is "markedly" overvalued.
"The global economy has been in a nearly permanent state of crisis for almost eight years," Jordan said during a speech in Lausanne. "The pressure on the franc is the mirror image of this."
The Australian and New Zealand dollars were higher, with AUD/USD up 0.58% to 0.7747 and with NZD/USD adding 0.25% to 0.6908.
Meanwhile, USD/CAD held steady at 1.2381.