16/03/2021
TOKYO (Reuters) - The U.S. dollar clung to small gains on Tuesday as caution reigned in currency markets ahead of major central bank meetings, beginning with a two-day Federal Reserve gathering due to start later in the global day.
The greenback hovered just off its highest since June versus the yen and cemented a position around $1.19 per euro in muted trading.
The firmer tone for the dollar came despite a retreat in U.S. benchmark yields from the highest levels in more than a year ahead of the Fed meeting.