Updated on
Summary Dollar moved in tight ranges as traders looked ahead to speech by Federal Reserve chief.
The dollar is moving in tight ranges against other major currencies as traders look ahead to Fridays speech by Federal Reserve Chairman Ben Bernanke.Bernanke is giving his annual speech on monetary policy from Jackson Hole in Wyoming. Traders will be watching to see whether he hints that the central bank will take additional steps to help the U.S. economy.Last week, minutes from the Federal Reserves last policy meeting appeared to show it was leaning toward more help for the U.S. economy.The euro fell to $1.2502 in afternoon trading from $1.2528 late Wednesday. The British pound fell to $1.5790 from $1.5836.The dollar fell to 78.56 Japanese yen from 78.70 yen and to 0.9603 Swiss franc from 0.9587 Swiss franc.
