The dollar rose against the euro and the pound on Thursday after three major central banks in Europe cut interest rates to stimulate struggling economies.

The euro bought 1.2735 dollars in late New York trading compared with 1.2992 dollars it bought late Wednesday. The pound fell to 1.5753 dollars from 1.5960 dollars.

The dollar rose to 1.1762 Swiss francs from 1.1606 Swiss francs, and fell to 97.82 Japanese yen from 98.95 Japanese yen.

(Xinhua News Agency November 7, 2008)