Dollar hovers near four-week peak as markets mull Fed hike odds

The U.S. dollar remained relatively stable near its highest level in four weeks on the trading day, hovering around 101.50 on the dollar index, which tracks the greenback against a basket of major currencies. The euro edged up to $1.1370, while the dollar held at 163.745 against the yen and sterling climbed to $1.330.
Market participants focused heavily on expectations surrounding a potential Federal Reserve interest rate decision scheduled for the following day. The repricing of Fed expectatio