The US dollar was perched at an over two-month high against major currencies on Tuesday, spurred by wagers the Federal Reserve will proceed with modest rate cuts in the near term, pinning the yen closer to the key 150 per dollar level. The euro also remained on the back foot, trading near the lowest level since Aug. 8 touched on Monday ahead of the European Central Bank policy meeting on Thursday, where the central bank looks set to deliver another interest rate cut. The dollar index, which measures the US currency against six rivals, was at 103.27, just shy of 103.36, the highest level since Aug. 8 it touched on Monday. The index is up 2.5% and on course to snap its three-month losing streak. The yen last fetched 149.72 per dollar, having slid to as low as 149.98 on Monday, its weakest level since Aug. 1. The yen is down 4% this month and was trading below 140 per dollar just a month earlier. Meanwhile, the Australian dollar fell 0.19% to $0.67135, while the New Zealand dollar eased 0.22% to $0.60835. Th e euro was 0.15% lower at $1.0892. Sterling last bought $1.30525 ahead of UK wage data that could offer clues to Bank of England's (BoE) next move at its policy meeting next month. China's yuan, both onshore and offshore, weakened to a one-month low against the dollar on Tuesday The pound was last at 1.30525 against the dollar, ahead of UK wage data that could provide clues on the BoE's next move at its next policy meeting. Source: Qatar News Agency