Dollar Firm Ahead of Fed Decision Amid Rate Hike Expectations

The US dollar has held its ground near multi-week highs against major currencies as investors await the Federal Reserve's upcoming monetary policy decision.

This move comes with traders increasingly betting on a potential series of interest rate hikes, which has led to a rise in greenback prices overnight.

The kiwi fell to a two-month low of $0.5749 in Asian trading, while the yen weakened to a one-week low of 155.43 per dollar.

The euro and sterling were also near their respective lows, with the euro hovering at $1.1535 and sterling trading at $1.3470.