The dollar remained close to a 14-month peak against a basket of major currencies in quiet trade on Friday, as the Federal Reserve’s new guidance on rate hikes continued to support demand for the greenback. USD/JPY remained near highs of 109.46, the strongest level since August 2008 and was last up 0.20% to 108.91. The dollar remained supported after the Fed on Wednesday cut its monthly bond-buying program by another $10 billion following its two-day policy meeting on Wednesday, keeping the program on track to finish next month. Markets interpreted the Fed’s statement as hawkish, despite policymakers maintaining language suggesting that rate hikes would not happen for a “considerable time.” Investors shrugged off data on Thursday showing that the Philadelphia Fed’s manufacturing index deteriorated to a three-month low this month, as well as a report showing that U.S. building permits dropped by 5.6% last month and that housing starts tumbled by 14.4%. EUR/USD dropped 0.66% to 1.2838. GBP/USD slid 0.51% to 1.6313, pulling away from two-and-a-half week highs hit earlier, after Scotland voted to remain in the U.K. In a referendum on Thursday, 55% of Scottish voters supported the “no” campaign compared with 45% who backed independence. The decision prevented a rupture of a 307-year union with England. The dollar was near one-year highs against the Swiss franc, with USD/CHF gaining 0.66% to 0.9398. The franc remained supported however, after the Swiss National Bank refrained from taking steps to weaken the currency at its meeting on Thursday, despite concerns over what it called the “deteriorating” economic outlook. The New Zealand dollar was lower, with NZD/USD edging down 0.26% to 0.8128, while AUD/USD declined 0.47% to 0.8945 and USD/CAD added 0.18% to 1.0956. The loonie strengthened earlier, after Statistics Canada said that core consumer price inflation rose 0.5% last month, more than the expected 0.2% gain, after a 0.1% fall in July. Consumer price inflation including the eight most volatile items was flat in August, compared to expectations for a 0.1% downtick, after a 0.2% slip the previous month. A separate report showed that wholesale sales in Canada declined 0.3% in July, disappointing expectations for an increase of 0.8%. The change in wholesale sales for June was revised to a 0.8% gain from a previously estimated 0.6% rise. The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, advanced 0.52% to 84.83, close to highs of 84.90, the strongest level since July 2010.