While investors await GDP and other data this week for clues on how U.S. rates are going, the dollar has remained steady, near its highest level in six weeks.

The dollar index, which measures the U.S. currency against six other currencies, gained 0.06% to 103.35, not far from a six-week high of 103.82 reached on Tuesday. Kieran Williams, head of Asia FX at InTouch Capital Markets, said that “the U.S. dollar depends on how markets perceive the Fed's rate trajectory, a dynamic that I don't see changing in the short term.” The dollar index is up by around 2% this month as traders significantly reduce their bets on rapid and significant rate cuts from the Fed, following central bankers' refusal and a series of data highlighting the resilience of the American economy. The Australian dollar and the New Zealand dollar struggled to support a China-inspired rally earlier in the week. The Aussie last bought $0.6575, while the kiwi was $0.61085