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The dollar declines before the publication of inflation data in America, and Bitcoin rises

SINGAPORE (Reuters) - The dollar fell in Asia on Thursday, as traders awaited inflation data in the United States in search of indications about the path the Federal Reserve (the US central bank) will follow this year, as the lowest level fell 102 points.

Bitcoin jumped to $46,400, near the highest level in two years, as investors welcomed long-awaited US approval to create spot trading funds for the cryptocurrency.

This procedure opens the way for institutional purchasing. The measure had been expected for months, causing the currency to rise 70 percent since mid-October.

The Australian and New Zealand dollars rose by about 0.3 percent to $0.6721 and $0.6294, respectively, but movements remained within a narrow range ahead of the expected US inflation data at 1330 GMT.

The euro increased 0.1 percent to $1.0979, while the British pound rose 0.2 percent to $1.2767.

The US Dollar Index is now down 0.15% to 101,930 points.

After sharp gains yesterday, Wednesday, the dollar fell against the yen by 0.3 percent to 145.39 yen.

The dollar's decline helped the Chinese yuan recover from a one-month low to 7.1621 per dollar.