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The dollar is supported in cautious trading ahead of the ECB meeting
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The dollar held steady on Wednesday as cautious improvement in investor appetite for risk and the yen weakened as safe havens shunned, but currencies remained confined to tight ranges ahead of a series of major central bank meetings next week.
Investor interest is currently focused on the ECB meeting scheduled for Thursday. The euro is under pressure from expectations that the European Central Bank will cut negative interest rates further, and the single currency has fallen 3 percent since June.
The euro rose to $ 1.1050, with speculation split between the range and the nature of any stimulus likely.
The pound was steady at $ 1.2356, near a six-week high of $ 1.2385 hit earlier in the week as the prospects for a Brexit eased without agreement.
The Chinese yuan and the Australian dollar jumped briefly after the editor-in-chief of the Communist Party's Global Times said on Twitter that China would implement measures to ease the impact of the trade war.
The dollar index, which tracks the performance of the greenback versus a basket of other major currencies, was steady at 98.332.
Most of the recent positive sentiment was driven by optimism that a high-level meeting between US and Chinese negotiators in Washington next week could somewhat stop the trade war.
The prospect of a breakthrough in Asian currencies such as the South Korean won for trade, which has risen to 1193.35 to the dollar, is nearing its highest level since August 2.
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