Dollar Holds Firm Ahead of Expected US Rate Hike

The US dollar held steady near its multi-week highs against several major currencies on Wednesday as markets anticipated a potential interest rate hike by the Federal Reserve.

As of Asian morning trade, the kiwi had fallen to a two-month low of $0.5749, while the yen weakened to a one-week low of 155.43 per dollar.

The euro traded at $1.1535, near Monday's one-month low of $1.1523, and the sterling stood at $1.3470, not far above its six-week low of $1.3464 reached on Monday.