Dollar edges lower after subdued inflation reading

The dollar edged lower against the euro and the yen Wednesday after data showed U.S. consumer prices fell in August for the first time since the beginning of 2015.

But the buck remained largely within a narrow range against its Japanese and European counterparts as investors awaited a decision from Federal Reserve policy makers on monetary policy. The decision will be revealed Thursday when the Fed issues its statement at the conclusion of the two-day meeting at 2 p.m. Eastern.See: When is the Fed decision?

The euro EURUSD, +0.0089% traded at $1.1284, up 0.11% from $1.1272, its level late Tuesday in New York. The dollar USDJPY, +0.14%  traded at ¥120.60 versus the Japanese currency, up 0.13% from its Tuesday close.

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