The US dollar traded in a narrow range on Thursday after reaching a two-week high due to the growth of US Treasury bond yields. Market participants expect the Fed to cut the Fed Funds rate by 25 basis points at the December 17-18 meeting. The dollar index fell 0.07% to 106.53. USD/JPY weakened by 0.21% to 152.14. Inflation figures and US macroeconomic data continue to influence expectations for further monetary policy easing by the Fed, while uncertainty around the future rate path remains.