U.S. dollar mixed on Yellen' s remarks

The U.S. dollar traded mixed against other major currencies on Wednesday as investors were sifting through the latest comments from Federal Reserve Chair Janet Yellen.

Yellen said Wednesday in a prepared testimony to the House Financial Services Committee that U.S. banks are well capitalized, but remain challenged by weak interest income, according to media reports.

She later said the central bank does not have a "fixed timetable" for raising rates.

On the economic front, U.S. new orders for manufactured durable goods in August decreased 0.1 billion U.S. dollars and was virtually unchanged at 226.9 billion dollars, the Commerce Department said. Analysts had expected a 1.9 percent decline.

This decrease in new orders, which is down three of the last four months, followed a 3.6 percent July increase.

The dollar index, which measures the greenback against six major currencies, was up 0.02 percent at 95.450 in late trading.

In late New York trading, the euro slipped to 1.1212 dollars from 1.1220 dollars of the previous session, and the British pound stayed flat at 1.3015 dollars. The Australian dollar increased to 0.7686 dollars from 0.7665 dollars.

The dollar bought 100.75 Japanese yen, higher than 100.32 yen in the previous session. The dollar rose to 0.9713 Swiss francs from 0.9708 Swiss francs, and it inched down to 1.3128 Canadian dollars from 1.3218 Canadian dollars. Enditem