Tokyo: The US dollar held steady on Tuesday, hovering near a three-month peak, as divisions within the Federal Reserve prompted traders to scale back expectations for interest-rate cuts. The Japanese yen weakened to 154.38 per dollar in early Asian trading, nearing an eight-and-a-half-month low reached last week and raising concerns about potential government intervention.

According to Qatar News Agency, the euro slipped to $1.1498, its lowest level since August 1, while the British pound was last at $1.3120, down 0.13%. The US Dollar Index, which measures the greenback against six major currencies, inched up 0.1% to 99.99, marking its highest level in three months.

Meanwhile, the Australian dollar remained largely unchanged at $0.6535 ahead of the Reserve Bank of Australia's policy meeting. The currency has gained nearly 6% so far this year.