Dollar touches one-week high ahead of Fed move

London

THE US dollar traded around one-week highs against a basket of major currencies on Wednesday, with moves limited in the countdown to an expected hike in US interest rates later in the day.

Another 2 per cent fall in Brent crude prices sent the Norwegian kroner a full percentage point lower and Canada's dollar to the latest of a series of 111/2 year lows against its US counterpart.