The US dollar was rangebound against other major currencies in midday trading here, with investors waiting for new trading leads from the G-7 meeting over the weekend, dealers said At 12.00 pm (0300 GMT) here, the euro was at 1.2308 usd, compared to 1.2309 usd in Sydney about 2-1/2 hours earlier. The dollar was at 117.55 yen, compared to 117.52 yen in Sydney. The market is waiting to see if the G-7 finance ministers and central bankers will discuss the yuan at their weekend meeting, after US President George W Bush called for further strengthening of the Chinese currency, dealers said. "There has been some appreciation in the currency. We would hope there would be more appreciation in the currency," Bush told reporters in a joint appearance with Chinese President Hu Jintao after a closed-door meeting. Mitsubishi UFJ forex dealer Minoru Shioiri said: "But even if the Chinese government were to make an additional revaluation of the currency, any action will be gradual, thereby yielding no impact on the basic direction of the Asian currencies." The dollar was also held within a narrow trading range because of uncertainty about the prospects for US interest rates, dealers said. "The release this week of the Federal Open Market Committee minutes spooked the market by sparking fears that an end of interest rate hikes there is imminent," Shioiri said. "But judging from the strong economic data and the continued strength of crude oil prices, it looks to be still premature to conclude that rises in interest rates in the US will come to an end at 5.00 pct," he said.