The dollar rose against most major currencies on Wednesday ahead of widely expected rate cuts by the European Central Bank and the Bank of England.

The euro bought 1.2655 dollars in late New York trading compared with 1.2697 dollars it bought late Tuesday. The pound fell to 1.4722 dollars from 1.4876 dollars.

The dollar rose to 1.2141 Swiss francs from 1.2072 Swiss francs, and fell to 93.09 Japanese yen from 93.22 Japanese yen.

(Xinhua News Agency December 4, 2008)