Tokyo: The dollar rose on Thursday after posting its strongest gain in six weeks, amid reduced expectations of a US rate cut in December. Meanwhile, the Japanese yen fell, weighed by bets that Japan may not intervene immediately to halt its decline.

According to Qatar News Agency, the yen hit a ten-month low of 157.48 in the Asian session, while the dollar index climbed 0.5 percent overnight. On other currencies, the euro dropped to a two-week low of 1.1510 dollars in Asian trading, and the British pound also fell to 1.3040 dollars.

Meanwhile, the New Zealand dollar declined by one percent and touched a seven-month low of NZD 0.5591 on Wednesday, before stabilizing at 0.5611 dollars on Thursday.