NEW YORK (AP) - The dollar continued to lose ground Thursday, with the euro now poised to break above the key $1.24 level and encouraging U.S. economic data no longer able to give the greenback much support.The euro advanced to a fresh 9-week high versus the dollar and a 15-week high against the yen as the dollar mostly declined against its major rivals in technically driven trading.
The euro's rise comes ahead of U.S. July farm payrolls data Friday, which are expected to increase by a robust 180,000. Trading had been very calm overnight ahead of the numbers, but investors weren't willing to let the prospect of healthy jobs data get in the way of further dollar weakness.