The U.S. data calendar this week is relatively light, offering a break after a solid jobs report released on Friday sent the dollar up and markets reassessed the expected magnitude of upcoming interest rate cuts.

The dollar moved sideways on Wednesday, bringing some relief to the yen and other major currencies after a sharp rise to a seven-week high last week as investors paused to assess the outlook for US interest rates.

The dollar index, which measures the greenback against a basket of currencies, remained steady at 102.490, not far from Friday's seven-week high of 102.69.

The New Zealand dollar fell to the lowest level since August 19, at $0.6096, after the Reserve Bank of New Zealand (RBNZ) cut interest rates by 50 basis points.

The kiwi lost 0.55% to 0.61035 dollars. The majority of economists polled by Reuters last week predicted a significant drop of half a percentage point

The offshore yuan settled around 7.0695 per dollar.

The Indian rupee is expected to rise slightly at the open on Wednesday, following a recovery on its Asian peers and the fall in oil prices, while the policy decision of the Reserve Bank of India and the minutes of the latest Federal Reserve meeting are also on the radar of traders. The 1-month undeliverable futures contract indicated that the rupee would open at 83.93-83.94 per US dollar compared to 83.9625 in the previous session

The Kenyan shilling held steady against the dollar on Wednesday, supported by dollar inflows from the tea sector and diaspora remittances, a trader at a commercial bank said. The shilling was trading at 128.50/129.50 per dollar at 08:43 GMT, according to LSEG data, the same closing rate as on Tuesday

Sterling at its lowest level in a month against the dollar, as operators assess the trajectories of British and American interest rates. Sterling touched $1.3570, its lowest level since September 12, and held steady at $1.3094, down a hair on the day. It strengthened slightly against the euro, at 83.77 pence, well within its recent ranges