The euro dipped versus the dollar Thursday, paring gains made after better manufacturing data eased worries about global growth, and looked set to stay subdued as investors awaited a debt swap deal between Greece and its private creditors. Markets were also looking ahead to government bond auctions from Spain and France that were expected to see decent demand. News that Greece's long-delayed deal with private sector creditors to cut its debt burden is nearly wrapped up provided some support to the single currency. But analysts said investors would be wary of pushing the euro too high following a week of rumours that a deal to avoid a messy Greek default was imminent. The euro was down 0.2 percent on the day at $1.3133, retreating from a session high of $1.3197, with traders reporting selling by an Asian central bank. It remained firmly within its range of the last week, of roughly between $1.3230 and $1.3020. Strategists said a breakthrough in Greek talks could push the euro out of the top of the range, at least initially. “Any break out of this range will only happen by surprising US data or by more than a rumour of success on the Greece deal,” said Ulrich Leuchtmann, head of FX research at Commerzbank.
