Dollar Steadies After Sell Off, Traders Seek Clarity on US Rate Path

FOREX - JAKARTA. The dollar steadied on Wednesday after a recent run of declines that pushed it to its weakest in more than a year, as traders awaited economic data that could set the tone for the Federal Reserve's September policy meeting.

Sharp bouts of volatility hit the foreign exchange markets in early August as worries around a potential U.S. recession and hawkish signals from the Bank of Japan (BOJ) hammered the dollar and sent other major currencies soaring.