The greenback, in terms of the USD Index (DXY), trades within a tight range around the 102.60 region on Thursday.

USD Index focuses on data

The index appears side-lined below the 103.00 region ahead of the opening bell in Euroland on Thursday amidst a mild rebound in US yields and the generalized absence of direction in the global markets.

In the meantime, expectations keep running high among markets participants regarding the likeliness that the Fed might leave rates unchanged at the May event, which seem to have removed some strength from the dollar as of late.

In the US calendar, final Q4 GDP figures are due seconded by usual Initial Jobless Claims and the speech by Richmond Fed T. Barkin (2024 voter, centrist).