New York - Saba:
The dollar rose slightly on Thursday, amid efforts to clarify the policies proposed by US President-elect Donald Trump and the Federal Reserve's decision on interest rates.
According to media reports, the dollar, after holding steady for three sessions, is back on the rise as investors lifted the dollar index against its major rivals to near a one-year high of 107.07 set last week.
The dollar has risen more than two percent since the Nov. 5 U.S. presidential election amid bets that Trump's policies could reignite inflation and curtail future interest rate cuts.
The dollar index hit 106.56, up from a one-week low hit in the previous session.
The euro was almost flat at $1.054725 after falling 0.5 percent yesterday, back toward last week's low of $1.0496.
The U.S. currency gave up some of its gains against the yen, falling 0.33 percent to 154.91 yen, though the Japanese currency remained under pressure.
Sterling rose 0.07 percent to $1.2656.
Data yesterday showed that inflation in Britain jumped more than expected last month to climb back above the Bank of England's two percent target, supporting the central bank's cautious approach to cutting interest rates.
Bitcoin reached an all-time high of $95016.
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