Investing.com - The dollar edged lower Wednesday ahead of the outcome of the FOMC meeting.
The dollar index was off 0.10% at 96.87 at 02:30 ET after dipping below the 97 mark overnight.
The FOMC is widely expected to raise rates Wednesday for the second time this year.
The market odds of a June rate hike currently stand at 90.0%.
The focus will be on the future path of interest rates and any comments on the Fed's balance sheet policy.
The FOMC will issue a statement after the meeting. Fed Chair Janet Yellen is due to hold a news conference.
Attorney General Jeff Sessions Tuesday denied speaking to Russian officials on "any type of interference" in the U.S. 2016 presidential campaign.
The (pound) held above $1.27 after gains overnight as U.K. consumer inflation hit a fresh four-year high.
The euro was firm above $1.12 as political concerns in the euro zone eased.
The dollar was mostly flat against the yen at the 110 mark after Chinese data.
Chinese industrial output and retail sales beat estimates but fixed-asset investment missed.
The Aussie held onto gains after the data, while the loonie was buoyed by Canadian rate hike expectations.