Dollar Holds Steady Ahead of Fed Rate Decision
The US Dollar held steady near a two-week high of around 99.60 in early European trading on Wednesday, ahead of the Federal Reserve's interest rate decision later that day.
The 10-year US Treasury yield note traded at 4.992%, its highest since 2007, after attempting to retest the 5% mark.
Markets are pricing in a nearly 92.4% probability of a quarter-point rate hike by the Fed, according to the CME FedWatch tool.