Dollar Consolidates After Fed Comments; Yen Slips

Dollar Consolidates After Fed Comments; Yen Slips
A picture illustration shows U.S. 100 dollar banks and Japanese 10,000 yen notes taken in Tokyo on Aug. 2, 2011. Yuriko Nakao/Reuters
Reuters
Updated:
0:00

LONDON—The U.S. dollar traded in a narrow range on Thursday and held just below a 12-week high reached earlier in the week, as traders digested comments from policymakers in the previous session.

On Wednesday, several Fed speakers gave a range of reasons for feeling little urgency to start easing policy in the United States soon or to move quickly once they do.