The US dollar was stable on Wednesday, while the Australian and New Zealand dollars hit new lows.

The U.S. dollar held steady against the yen and other major rivals on Wednesday, with investors waiting to see if the Federal Reserve will aggressively cut rates ahead of the Bank of Japan and other central banks meeting this week. The US dollar index, which measures the greenback against six rivals, was little changed, down 0.04% to 106.89 after reaching the highest level since November 26 at 107.18 on Monday. Against the yen, the dollar rose 0.12% to 153.65, after losing some of its recent gains in the previous session, while US Treasury yields fell before the Fed's decision

In addition, Australian and New Zealand dollars hit new lows on Wednesday, as upbeat economic news from the United States drew the attention of investors to the US dollar. The New Zealand dollar hit a two-year low of $0.5747, after also losing 0.5% the