NEW YORK ( BBH FX Strategy) -- The U.S. dollar is consolidating after Wednesday's sharp rally in North American trading. Price action may be driven again by Fed Chairman Ben Bernanke after many observers perceived his comments Wednesday to be a bit on the hawkish side. We think it is unlikely that Bernanke would indicate a policy shift at this type of forum so we suspect Bernanke may try to recalibrate his communication this morning as a result.Follow TheStreet on Twitter and become a fan on Facebook. The tone of the market is broad dollar weakness with emerging markets and dollar bloc currencies leading the advance. The euro is up marginally to 1.333, with near-term support at 1.323 and resistance ahead of 1.35. The dollar is slightly lower against the yen, down 0.1%.