Learn more

By Karen Brettell NEW YORK (Reuters) – The dollar edged lower against the euro and higher against the yen on Tuesday, but failed to find strong direction ahead of the conclusion of the Federal Reserve’s two-day meeting. The U.S. central bank is expected to leave rates unchanged on Wednesday and investors will focus on any clues from Fed Chairman Jerome Powell on the likelihood of a rate cut in March. Solid U.S. economic data has led traders to pare bets of a March cut to a 46% probability, from around 89% a month ago, according to the CME Group’s FedWatch Tool. The Fed may “feel more confident…

cuu