Summary The dollar rose slightly against the Japanese currency, to 100.13 yen from 100.00 yen.
NEW YORK CITY (AFP) - The dollar dipped against the euro Tuesday as traders awaited a speech by Federal Reserve chief Ben Bernanke hoping it will reveal the direction of the bank s easy-money policy.
The euro bought $1.3535 around 2200 GMT, up from $1.3507 at the same time Monday.
The dollar rose slightly against the Japanese currency, to 100.13 yen from 100.00 yen. The euro rose to 135.53 yen from 135.06 yen.
"The uncertainty over the timetable for the Fed to taper stimulus has kept the dollar and most major currencies on a leash," said Joe Manimbo, senior market analyst at Western Union Business Solutions.
"Investors hope to glean fresh taper clues in remarks by Fed chair Ben Bernanke after the market close today and in Wednesday s release of the minutes from the central bank s late October meeting," he said.
Bernanke is scheduled to address the National Economists Club in Washington on monetary policy and, on Wednesday, the Fed publishes the minutes of the Federal Open Market Committee s October 29-30 policy meeting, which made no hint that a taper was in the wings.
Investors also will have crucial US retail sales data for October to weigh, considered a key indicator of the consumer spending that accounts for the bulk of activity in the US economy.
"With the market still divided on the timing for tapering, the level of consumer spending last month and the bias of the central bank after the US government shutdown will play a key role in how the dollar trades," said Kathy Lien of BK Asset Management.
"If spending contracts for the second month in a row, the US will need consumers to spend voraciously this (holiday shopping) season for the Federal Reserve to seriously consider tapering this year," she said.
The euro, meanwhile, benefited from ZEW data showing investor sentiment in Europe s largest economy rose in November to its highest level in four years, suggesting the eurozone s economic recovery is on track.
The dollar also weakened against other major currencies, falling to 0.9111 Swiss franc from 0.9127 late Monday.
The pound rose to $1.6120 from $1.6108.
