Dollar Hits Multi-Week Highs Ahead of Fed Rate Decision

The US dollar held steady near its multi-week highs on Wednesday, September 16, as investors awaited the Federal Reserve's monetary policy decision.

This comes as traders increasingly bet on a potential series of interest rate hikes, with the greenback posting its biggest gains against the yen and New Zealand dollar 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.