Dollar Steadies Near One-Month High as Traders Await Fed Decision

The US dollar held steady near its one-month high on Wednesday as investors waited for the Federal Reserve's interest rate decision later in the day.

Traders are pricing in a roughly 33% chance of a 25-basis-point hike, which is keeping markets subdued ahead of the announcement.

The euro fell to a one-month low and was down 0.3% to $1.1386, while sterling edged up 0.06% to $1.3282 but remained near its weakest level since July 1.