Dollar Holds Near to One-Week High

The US dollar index, which measures the currency against six major rivals, was steady at 103.25, sticking close to Mondays high of 103.61, a level previously not seen since Aug. 8. Globally, the Australian and New Zealand dollars slumped on Wednesday as skepticism grew about top trading partner china's stimulus. New Zealand's currency was weighed down further by data showing cooling inflation, keeping the door open for aggressive easing by the nation's central bank. The Aussie dropped as much as 0.51% to $0.6669, the lowest since Sept. 12. The New Zealand dollar sank as much as 0.69% to $0.6041, a level last seen on Aug. 19. It was last trading 0.53% weaker at $0.6051. The dollar was little changed at 149.135 yen. The euro edged 0.05% lower to $1.08875. Source: Qatar News Agency