Dollar holds steady as markets await US inflation data

The US dollar held steady at the start of Asian trading on Wednesday, as currency markets awaited the release of US inflation data.

The Japanese yen was also stable against the dollar at 159.275 yen, remaining near its lowest level this month despite recent joint intervention by US and Japanese authorities to support the currency.

The euro was unchanged at $1.1542, while the British pound was little changed at $1.3508.

Both the Australian and New Zealand dollars also held steady at $0.7064 and $0.5879 respectively.

Cryptocurrency developments

In the digital currency market, Bitcoin slipped 0.2% to $63,554.30, while Ether edged down 0.1% to $1,879.62.