US Dollar Rallies on GDP Data While EUR/USD Drops on Dovish ECB
- US GDP figures boosted the US Dollar while the ECB kept interest rate cuts on the table
- US inflation figures, personal income data, and pending home sales are due on Friday
- EUR/USD dropped to near 2024 lows around 1.0820 amid dollar strength
- GBP/USD broke below key 1.2700 support with the dollar rebound
- Higher oil prices and lower US production lifted WTI crude over $77 per barrel