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Euro edges higher on dollar

The euro edged up against the dollar on Thursday while the yen slipped as major currencies mostly traded in a narrow band.

The dollar's climb against the eurozone currency took a pause amid a lack of significant news or data from any of the majors.

John Kicklighter, currency strategist at Daily FX, said traders were on hold for potentially market-moving comments from Federal Reserve Chair Janet Yellen in a speech late in the day at a forum between the Fed and European Central Bank.

With the central banks in Japan, Britain and the eurozone all moving in dovish positions, he said, "The US dollar stands to benefit even if its fundamental backdrop remains the status quo," he said.