Singapore, July 29 (QNA) - The US dollar paused its climb on Wednesday but held near a one-month high, as traders awaited a Federal Reserve interest rate decision ​later in the day.

Moves in currencies were largely subdued as investors stayed on the sidelines ​ahead of the Federal Open Market Committee's decision, with markets pricing in a roughly 33% ​chance of a 25-basis-point hike.

The euro was nursing losses after falling to a one-month low, falling 0.3% to $1.1386. Sterling edged 0.06% higher to $1.3282, but remained near its weakest level since July 1.

The dollar index, which measures the currency against a ⁠basket of peers, eased to 101.43. The yen strengthened to 163.88 per dollar, but remained not far from a 40-year low.

As for other currencies, the Australian dollar was little changed at $0.6973, awaiting the release of local inflation data, while the New Zealand dollar fell 0.09% to $0.5782. (QNA)