Dollar rises as expectations of US fed rate cut decline

The dollar edged higher on Thursday as investors reassessed their expectations of the scale of rate cuts by the Federal Reserve this year, with caution hanging over markets after an impressive risk rally last month.
The dollar pushed to an over two-week top against the yen in Asia, as trading returned to full swing with Japan back from an extended New Year break.
Against the yen, the dollar peaked at 143.90 and last changed hands at 143.75.
The Australian dollar, often used as a proxy for risk appetite, struggled to break away from Wednesday's two-week low of $0.6703 and last bought $0.6744.
The New Zealand dollar was traded at $0.6266. The euro rose 0.09% to $1.0931, while sterling remained pinned near its recent three-week low at $1.2667.
Against a basket of currencies, the dollar rose 0.03% to 102.43. (QNA)