TOKYO (REUTERS)
The US dollar held at a one-month high on Tuesday as traders weighed a slim but lingering chance of a rate hike at the Federal Reserve's upcoming meeting, even as falling oil prices eased some concerns over inflation.
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, eased 0.07% to 101.45, with the euro up 0.09% at $1.1377.
Against the Japanese yen, the dollar traded at 163.73, while sterling gained 0.09% to $1.3299.
In other major currencies, the Australian dollar weakened 0.11% versus the greenback to $0.6981, and New Zealand's kiwi traded at $0.5772.
Packed Central Bank Week
The Bank of England and Bank of Japan are widely expected to keep interest rates unchanged at their meetings on Thursday and Friday, respectively, while maintaining a cautious stance on inflation.
With the yen pinned near last week's 40-year lows against the dollar, the BOJ is expected to leave the door open to further hikes to stem the currency's decline, although policymakers will likely stay ambiguous on the pace and timing of the moves.
Verbal efforts to support the Japanese currency have so far yielded muted results.
In cryptocurrencies, Bitcoin fell 2.56% to $63,255.62. Ether declined 3.34% to $1,880.38, the biggest percentage drop in a month.