The greenback was mixed in North American trading, edging higher against the euro to 1.3360 while slipping further versus the Canadian dollar to the 0.9933-mark. Trading remained quiet amid a dearth of economic reports from North America with the US equity indexes holding flat for the session. Crude oil edged up higher to trade above the $84-per barrel level.
The calendar picks up for Thursday with the release of weekly jobless claims, the producer price index, March existing home sales and the February home price index. Weekly jobless claims are forecast to improve to 460k from 484k. The March producer price index is estimated to post a 0.3% increase from a 0.6% decline in the previous month and higher by 5.8% on an annualized basis. The core CPI figures are seen largely unchanged from the previous readings. Rounding out the reports for Thursday will see the February home price index and March existing home sale, which are forecast to post a 3.6% gain to 5.21 million units.
Lingering uncertainty over the rescue plan for Greece continues to weigh on the single currency with markets questioning whether the 45 billion euro loan will be sufficient. The euro will continue to remain under pressure as markets closely scrutinize the talks between the EU, IMF and Greece as further details over the rescue plan are hammered out. In the coming session, traders will look ahead to Germany's manufacturing PMI, and the Eurozone flash PMI.
EURUSD trades beneath the 1.34-mark, with support beginning at 1.3360, followed by 1.3330 and 1.33. Subsequent floors are eyed at 1.3250, followed by 1.3230 and 1.32. On the topside, interim resistance starts at 1.34, followed by 1.3440 and 1.3470. Additional gains will target 1.35, backed by 1.3530 and 1.3570.