U.S. dollar depreciation orderly so far: Fed's Fisher

AUSTIN (Reuters) - The U.S. dollar has so far had an orderly depreciation, Federal Reserve Bank of Dallas President Richard Fisher said on Tuesday.

"Thus far the dollar has not been in a disorderly depreciation," Fisher told reporters, when asked about the carry trade.

In a speech earlier, Fisher warned that the Federal Open Market Committee would craft an appropriate response if the carry trade proved disruptive to currencies and securities.

He said he was aware of risks the FOMC ran of fuelling the trade by stating the Fed would hold its funds rate at exceptionally low levels for an extended period.

(Reporting by Pedro Nicolaci da Costa, Editing by Andrew Hay)