The dollar rose slightly on Thursday as investors sought clarity on the policies proposed by U.S. President-elect Donald Trump and the Federal Reserve's decision on interest rates.
After three sessions of flatness, the dollar rebounded as investors lifted the dollar index against its main rivals to near a one-year high of 107.07 hit last week.
The dollar has risen more than 2 percent since the U.S. presidential election on Nov. 5 amid bets that Trump's policies could reignite inflation and curtail future interest rate cuts.
A Reuters poll showed that most economists expect the Federal Reserve to cut interest rates at its December meeting, but to make smaller cuts in 2025 than forecast a month ago due to the risk of higher inflation from Trump's policies.
The dollar index was at 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 on Wednesday, back towards last week's low of $1.0496.
The US currency gave up some of its gains against the yen, falling 0.33 percent to 154.91 yen, despite the Japanese currency continuing to be under pressure.
Sterling rose 0.07 percent to $1.2656. Data on Wednesday showed that inflation in Britain jumped more than expected last month, rising back above the Bank of England's 2 percent target, supporting the central bank's cautious approach to cutting interest rates.
Bitcoin hit an all-time high of $95,016 on Wednesday, boosted by a report that Trump's social media company is in talks to buy cryptocurrency firm Bakkt.
