India, Aug. 20 -- The U.S. dollar strengthened against most major currencies in the Asian session on Wednesday, due to reduced bets on the U.S. Fed's more aggressive policy easing.
Following hotter-than-expected US July PPI data, traders lowered their expectations for a Fed rate drop in September.
The safe-haven USD also receives some support from reduced chances of a more aggressive policy easing by the Federal Reserve (Fed) following a spike in US July wholesale prices.
The Federal Open Market Committee (FOMC) will release the minutes of its July 29-30 meeting later in the day.
For more hints on US interest rate policy, traders await the Fed's Jackson Hole Economic Policy Symposium later Friday. Investors are watching to see if Fed Ch...