Dollar steady near 6-weeek highs ahead of US GDP; eyes on ECB meeting

The dollar was broadly steady near a six-week high on Thursday, as investors await GDP and other data this week to gauge where U.S. rates are headed, while the euro was soft ahead of the European Central Bank's policy meeting later in the day. Data overnight showed U.S. business activity picked up in January and inflation appeared to abate, with a measure of prices charged by companies for their products falling to the lowest level in more than 3-1/2 years. The first reading of U.S. gross domestic product for the fourth quarter is expected to show an economy resilient to the steep interest rate increases, said Carol King, a currency strategist at Commonwealth Bank of Australia.