The currency was near a three-month high against the yen after Bernanke
also said interest rates are ``well positioned'' to promote growth and
stable prices, signaling the Fed is done cutting borrowing costs.
Australia's currency rose from a three- week low after government data
showed the economy grew at twice the pace economists expected last
quarter.
EUR/USD traded within $1.5420/60 range.
GBP/USD retreated from $1.9630 and. having pierced support around $1.9600 posted session's low at $1.9540.
USD/JPY lowered from Y105.30 to Y104.80.
European events for Wednesday start at 0730GMT when ECB President Jean-Claude Trichet is due to address the OECD. PMI releases, with the Eurozone number expected at 50.6 for May, while at 0900GMT Eurozone retail trade is expected to come in at 0.3% m/m, -0.5% y/y for April.
UK data at 0830GMT include May official reserves as well as the CIPS services PMI data.