The euro jumped on Thursday versus its major rival the US dollar as the central banks are ready to provide liquidity for stabilization of financial system in case of any mayhem after the Greece’s elections due in this weekend.

The euro gained to 1.2613 against the US dollar on Thursday as compared to 1.2579 on Wednesday’s late trading hours.

The US dollar on the other hand remained under pressure in reaction to weak US economic data. The dollar index DXY which tracks the greenback’s movement against the basked of six major rival currencies declined to 81.917 on Thursday as compared to 82.126 on Wednesday’s North American trading session.