FOREX-US dollar holds near 8-month highs against euro
July 23, 2014
NEW YORK, July 23 (Reuters) – The U.S. dollar held near eight-month highs against the euro on Wednesday as worries over tougher sanctions on Russia and their potential impact on fragile euro zone growth weighed on the single currency.
The dollar broke above technical resistance against the euro on Tuesday after U.S. inflation data showed that prices were increasing, but that inflation was not fast enough to make the Federal Reserve more likely to increase interest rates at a faster pace.