The US dollar also steadied against most of its peers on Wednesday, ahead of the Federal Reserve's interest rate decision.

The US Federal Reserve's decision will be later today and will be followed by a press conference from the Fed Chief Jerome Powell to comment on monetary policy.

Powell has hinted at reducing the size of the Fed's asset purchases before the end of the year.

Otherwise, the US House of Representatives passed a bill to avoid government shutdown and suspended the debt limit.

The dollar index held against a basket of currencies at 93.2 points as of 17:48 GMT, after it hit a high of 93.2 points and a low of 93.1 points.

Gold prices held on Wednesday, as the US dollar also steadied against most of its peers, ahead of the Federal Reserve Chairman Jerome Powell's statements.

The US Federal Reserve's decision will be later today and will be followed by a press conference from the Fed Chief Jerome Powell to comment on monetary policy.

Powell has hinted at reducing the size of the Fed's asset purchases before the end of the year.

Otherwise, the US House of Representatives passed a bill to avoid government shutdown and suspended the debt limit.

The dollar index held against a basket of currencies at 93.2 points as of 17:51 GMT, after it hit a high of 93.2 points and a low of 93.1 points.

Gold spot prices held at $1777.2 an ounce as of 17:51 GMT.

Oil prices rose on Wednesday, after a drop in the US crude inventories, while the US dollar held against its peers.

The Energy Information Administration reported today that the US crude inventories fell 3.5 million barrels to 414 million barrels during the past week, while analysts forecast a drop by 3.8 million barrels.

While the American Petroleum Institute reported yesterday in preliminary data that the US crude inventories fell 6.1 million barrels during the same period.

The dollar index held against a basket of currencies at 93.2 points as of 17:44 GMT, after it hit a high of 93.2 points and a low of 93.1 points.

As of 17:38 GMT, WTI crude October futures rose 2% to $71.8 a barrel..

Brent November futures rose 1.9% to $75.7 a barrel.

The Energy Information Administration reported today that the US crude inventories fell 3.5 million barrels to 414 million barrels during the past week, while analysts forecast a drop by 3.8 million barrels.

Gasoline stocks rose 3.5 million barrels to 221.6 million barrels, and the distillate stocks fell 2.6 million barrels to 129.3 million barrels.

While the American Petroleum Institute reported yesterday in preliminary data that the US crude inventories fell 6.1 million barrels during the same period.