Amidst predictions that the Federal Reserve's rate-hike cycle was coming to an end, the dollar saw some stabilization on Wednesday, but it stayed close to its 2-1/2-month lows against a basket of currencies. This was due to the minutes of the Fed's previous meeting.

Although markets have started to price in cuts starting early next year, Fed officials reiterated recent remarks that kept the door open for further tightening. They also agreed that they would only hike interest rates if success in taming inflation stalled.

The dollar index that gauges the greenback versus its major pairs edged up by 0.12% at 103.65, pulling back a little from the Tuesday's 2-1/2-month low of 103.17. T.

EUR/USD traded at $1.0908 post edging up to a peak touched in mid-August to $1.09655 yesterday.

GBP/USD muted at $1.2527, close to two-month high of $1.2558 hit overnight.

USD/JPY dipped 0.16% to 148.64 per dollar following a two-month peak on Tuesday of 147.155 against the US dollar.