Greenback holds at near 10-month low

London

THE dollar held near a 10-month low against an index of other currencies on Wednesday as the chances of US rate increase seemed to dwindle but investors remained wary of pushing it lower before major central bank meetings.

Both the European Central Bank and the Bank of Japan meet this week, and market watchers will be looking to see if the recent strength of the euro and the yen influence their policy outlooks.