The US dollar fell by almost 4% during the month, while the Australian and New Zealand dollars are on pause.

The yen stabilized on Wednesday as the dollar struggled to regain lost ground before policy rate decisions by the Bank of Japan (BOJ) and the Federal Reserve later in the day.

The Chinese yuan depreciated against the dollar on Wednesday as investors await the Federal Reserve's policy decision later in the session for more clues about the outlook for the American economy, its currency and its impact on global markets. The Chinese yuan benefited from the recent weakness of the dollar, which fell by nearly 4% over the month, under the pressure of erratic Trump tariff measures and fears of a recession in the United States. At 02:54 GMT, the onshore yuan was down 0.1% to 7.2320 per dollar, while its offshore counterpart

The Indian rupee is expected to open slightly weaker on Wednesday as traders await the US Federal Reserve's policy decision, focusing on its updated forecasts and guidance. The one-month undeliverable futures contract indicates that the rupee will open at 86.62-86.64 per US dollar, up from its previous close at 86.57. The rupee is near its highest level in nearly a month, thanks in large part to the fall in the dollar due to concerns about a US economic downturn and a rise in the euro.