The Labor Department is due to release its weekly jobless claims report for the week ended July 16th at 8:30 am ET Thursday. Economists expect claims to have increased to 265,000 from 254,000 in the previous week.

The greenback held steady against the other major currencies before the data.

The greenback was worth 1.1020 against the euro, 106.17 against the yen, 0.9865 against the franc and 1.3189 against the pound as of 8:25 am ET.

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