Title : Forex Trading Signals amp; Trade Alerts
link : Forex Trading Signals amp; Trade Alerts
Forex Trading Signals amp; Trade Alerts
* Dollar overrules course vs yen to trade lower
* Investors await Fed's Yellen congressional evidence
* U.S. consumer inflation data due on Friday
* Graphic: World FX paces in 2017 http :// tmsnrt.rs/ 2egbfVh
( Updates throughout )
By Saqib Iqbal AhmedNEW YORK, July 11( Reuters)- The dollar fell to a more than
one-week low-spirited against a basket of major currencies on Tuesday ,
after U.S. President Donald Trump's eldest son released an email
chain citing Russian support for "his fathers" before last year's
U.S. election .
Donald Trump Jr. was told a Russian prosecutor was offering
his father's presidential campaign incriminating datum
about Democratic rival Hillary Clinton as part of Russian
government support, according to an email chain that he released
on Tuesday.[ nL1N1K209P ]
" At the least, these kinds of headlines play up
concerns about dysfunction in Washington and the incapacity of
this administration to pass any meaningful legislation ,
particularly related to fiscal stimulus ," spoke Omer Esiner ,
chief marketplace psychoanalyst at Commonwealth FX in Washington .
U.S. Senate Republican leader Mitch McConnell said on
Tuesday that the Senate would vote on a statute to roll back
Obamacare next week and then move on to other parliamentary
business.[ nW1N1HW027 ]
The dollar index <.DXY>, which tracks the greenback against
six major rivals, moved negative on the day to trade down 0.28
percent at 95.751, after making 95.651, its lowest since July
3 .
Investors are waiting for U.S. Federal Reserve Chair Janet
Yellen's semiannual monetary policy witnes before Congress on
Wednesday and U.S. customer inflation data related to Friday .
Meanwhile, Fed Governor Lael Brainard said the Fed should
soon begin reducing its balance sheet, as long as economic data
on U.S. jobs and raise harbours up. Once balance sheet reduction
is under way, she will assess inflation before deciding on
further interest rates rises, she said.[ nL1N1K10X8 ]
The greenback, which touched a four-month high-flown against the
Japanese yen earlier in its present session stimulated by the recent rise
in U.S. government bail yields, reversed track to drop 0.16
percent to 113.85 yens. The euro rose to a 14 -month high of
$1.1479.
The Canadian dollar slipped against its U.S .
counterpart as merchants awaited an interest rate hike decision by
the Bank of Canada on Wednesday.[ nL1N1K20F4 ]
The greenback gained against the New Zealand dollar
as rising U.S. harvests, soft merchandise rates and a disappointing
report on domestic credit card spend transmitted investors fleeing
kiwi assets .
Sterling fell to an eight-month low-grade against the euro after
the Bank of England Deputy Governor Ben Broadbent declined to
back up recent clues from other policymakers at the central bank
that suggested it may be moving toward raising interest rates .
[ nL4N1K240R ]