By Ankur Banerjee

SINGAPORE (Reuters) -The U.S. dollar loitered near four-year lows against the euro and a one-month trough against the yen on Wednesday, as traders geared up for a near-certain interest rate cut from the Federal Reserve later in the session.

Traders have fully priced in a 25 basis point cut and the focus will be on comments from Chair Jerome Powell after the decision to gauge the pace of future easing. Markets are pricing 67.9 bps of cuts by the end of the year.

The spotlight will also be on whether policymakers considered a bigger 50 bps cut at a time when President Donald Trump pushes ahead with a rushed effort to overhaul a pillar of the U.S. economy, stoking concerns about the central bank’s independence.

The euro wobbled at $1.1858, just below the four-year high o

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