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US dollar gains against euro as ECB stands pat on policy reviews

Published on Aug 8, 2014 6:59 AM

NEW YORK (AFP) - The US dollar pushed higher against the euro and the pound on Thursday after the European Central Bank and the Bank of England left their monetary stances unchanged in policy reviews.

The dollar gained further strength after news that the United States was weighing launching new air strikes in Iraq against jihadist insurgents, after it attacked two minority centers around Mosul.

The dollar rose as high as US$1.3338 (S$1.6690) per euro before slipping back to US$1.3363.

"The greenback continues to benefit from generally positive US economic data, which has contrasted the negative news out of the euro zone," said Omer Esiner, market strategist at Commonwealth Foreign Exchange.

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