EUR/USD hovers around 1.0700, eyes on US first-quarter GDP data
EUR/USD posts modest gains near 1.0700 on the weaker USD on Thursday. US Durable Goods Orders increased by 2.6% MoM in March vs. 0.7% prior; Core Goods rose by 0.2% MoM, worse than expected. The dovish stance of the ECB, which sticks to plans to cut interest rates this year, weighs on the Euro. Traders will monitor the release of US Q1 GDP growth number data.