Dollar pares gains vs euro after Bernanke comments

NEW YORK, Dec 1 (Reuters) - The dollar trimmed gains against the euro on Monday after Federal Reserve Chairman Ben Bernanke said the United States is now better equipped to tackle systemic risks.

The euro last traded 0.3 percent lower at $1.2652, compared with $1.2641 before Bernanke's remarks EUR=.

Bernanke said the U.S. economy remained under considerable strain. He added further interest rate cuts beneath the Fed's current target of 1 percent for its benchmark overnight funds rate were "certainly feasible", but suggested the Fed would also use other unconventional measures to aid growth. See [ID:nWEQ000439]. (Reporting by Wanfeng Zhou; Editing by James Dalgleish)