India, March 27 -- The U.S. dollar drifted lower on Thursday after U.S. President Donald Trump announced new tariffs on auto and auto components imports, and added that he would impose far larger levies than currently planned if the EU and Canada collaborate to harm the U.S. economy.
In economic news, a report from the Commerce Department said gross domestic product surged by 2.4% in the fourth quarter compared to the previously reported 2.3% jump. Economists had expected the pace of GDP growth to be unrevised.
A separate report released by the National Association of Realtors showed pending home sales saw a significant rebound in the month of February after plunging to an all-time low in January.
NAR said its pending home sales index su...