The dollar held strong before the CPI, while the Aussie is stagnant near its lowest level in 4 months. The Australian dollar in trouble, the Indian rupee and the rand are falling. The Chinese yuan is rising.

The dollar traded near a two-week high against the yen on Wednesday, ahead of a highly anticipated US inflation reading that could provide clues about the pace of interest rate cuts from the Federal Reserve. The dollar fell by 0.12% to 151.80 yen at 00:45 GMT, but remained close to the overnight peak of 152.18 yen, its highest level since November 27. The dollar index, which measures the value of the currency against the yen and five other major currencies, remained stable at 106.36, after reaching a one-week high of 106.63 in the previous session

The Australian dollar stayed near its lowest level in four months on Wednesday, while bonds pulled back from their two-month highs, much depending on the jobs report now that the central bank has unexpectedly become accommodative on rates. The New Zealand dollar held steady at $0.5799, after plunging 1.1% overnight to a one-year low of $0.5789. The support is not far away at $0.5771, and a break from this level would see it test the lowest levels seen

The euro remained stable at 1.052975 dollars. The British pound was little changed at 1.2777 dollars

Aussie was little changed at $0.6380 after falling to $0.63655 the day before for the first time since August 5. Kiwi remained steady at $0.57985 after sliding to $0.57985 after sliding to $0.5792 on Tuesday, a level not seen since November last year.

The Chinese yuan appreciated slightly against the dollar on Wednesday, as investors anxiously awaited a key political meeting in Beijing that should set the tone for the economic agenda for next year. At 03:54 GMT, the onshore yuan was up 0.02% to 7.2479 per dollar. Its offshore counterpart traded at 7.2518. The onshore yuan has fallen by around 2% against the dollar since Trump's election victory on November 5

The South African rand weakened early Wednesday ahead of domestic and American inflation figures that could give clues about the future path of interest rates in both countries. At 07:11 GMT, the rand traded at 17.85 against the US dollar, about 0.2% lower than its previous close. At 11:00 GMT, the focus will be on the October retail sales figures in South Africa

The Indian rupee weakened to an all-time low on Wednesday, under pressure from increased dollar offerings in the undeliverable futures (NDF) market, while a likely intervention by the Reserve Bank of India (RBI) helped limit losses, traders said. The rupee fell to 84.86 in early trading, surpassing its previous record of 84.8575 reached on Tuesday. The currency was listed at 84.8525 at 10:00am IST. The rupee weakened by 0.4% in December, underperforming almost all of its regional peers, as concerns about slower economic growth raised expectations of an easing of domestic monetary policy