The Australian dollar has continued its slide against the greenback, which moved higher overnight as markets focused on Greek debt negotiations.

At 0700 AEST on Thursday, the local unit was trading at 77.33 US cents, down from 77.61 cents on Wednesday.

Westpac strategist Imre Speizer said the local currency fell as the US dollar strengthened in overnight trade amid a lack of fresh US economic data.

“The Australian dollar decline continues … US dollar strength remains the main factor,” Mr Speizer said.

He said with no new figures for guidance, markets had focused on ongoing negotiations over Greece’s debt obligations.

“In the absence of any data of note for markets to respond to, Greece took centre stage,” he said.

“The latest iteration saw the Greek PM proclaim a deal with creditors was close, but creditors said it wasn’t.”

According to Greek officials, Greece and its creditors will start drafting a long-awaited agreement that would release much needed bailout loans for the struggling euro zone country.

Markets on Thursday will be focused on the release of the Australian Bureau of Statistics’ business investment figures for the March quarter.