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Investing.com - The dollar Thursday pared gains after a boost on comments by Fed Chair Janet Yellen.
The dollar index was off 0.09% at 101.22 at 02:15 ET after a high of 101.40.
The euro up 0.09% at $1.0640, with the ECB expected later Thursday to stand pat on monetary policy.
The greenback was up 0.03% at 114.70 yen after a high of 114.89.
In a speech Wednesday Yellen said the strength of the U.S. economy warranted gradual rate hikes a "few times a year"
Failure to act in a timely manner, she said, could lead to a "nasty surprise down the road"
At its December meeting the FOMC signalled three rate hikes this year after hiking its target rate by 25 basis points.
The dollar index was off 0.09% at 101.22 at 02:15 ET after a high of 101.40.
The euro up 0.09% at $1.0640, with the ECB expected later Thursday to stand pat on monetary policy.
The greenback was up 0.03% at 114.70 yen after a high of 114.89.
In a speech Wednesday Yellen said the strength of the U.S. economy warranted gradual rate hikes a "few times a year"
Failure to act in a timely manner, she said, could lead to a "nasty surprise down the road"
At its December meeting the FOMC signalled three rate hikes this year after hiking its target rate by 25 basis points.
