LONDON—The U.S. dollar held below its 2-1/2 week high on Wednesday as risk sentiment stabilized before a Federal Reserve meeting where policymakers are widely expected to signal readiness to start raising interest rates from March.
Markets have been on a rollercoaster ride this week as the combination of a hawkish Fed and slowing growth have unnerved investors, prompting them to dump high-flying technology shares and seek refuge in safe-haven assets such as the dollar.
