Title : Forex Trading Signals PRICE ACTION TRADING SIGNALS
link : Forex Trading Signals PRICE ACTION TRADING SIGNALS
Forex Trading Signals PRICE ACTION TRADING SIGNALS
* Dollar alters course vs yen to trade lower
* Investors await Fed's Yellen congressional testimony
* U.S. customer inflation data due on Friday
* Graphic: World FX rates 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 against a basket of major currencies on Tuesday ,
after U.S. President Donald Trump's eldest son released an email
chain quoting Russian support for his father before last year's
U.S. election .
Donald Trump Jr. was told a Russian attorney was offering
his father's presidential campaign incriminating message
about Democratic competitive Hillary Clinton as part of Russian
government support, according to an email chain that he liberated
on Tuesday.[ nL1N1K209P ]
" At the least, these types of headlines play up
concerns about dysfunction in Washington and the powerlessnes of
this administration to pass any meaningful legislation ,
particularly relevant to fiscal stimulus ," suggested 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 bill to roll back
Obamacare next week and then move on to other parliamentary
business.[ nW1N1HW027 ]
The dollar indicator <.DXY>, which tracks the greenback against
six major rivals, moved negative on the working day to sold down 0.28
percent at 95.751, after reaching 95.651, its lowest since July
3 .
Investors are waiting for U.S. Federal Reserve Chair Janet
Yellen's semiannual monetary policy affidavit before Congress on
Wednesday and U.S. consumer inflation data related to Friday .
Meanwhile, Fed Governor Lael Brainard said the Fed should
soon begin reducing its balance sheet, as long as financial data
on U.S. jobs and growing maintains up. Once balance sheet reduction
is under way, she will assess inflation before deciding on
further interest rates rises, she announced.[ nL1N1K10X8 ]
The greenback, which touched a four-month high-pitched against the
Japanese yens earlier in its present session spurred by the recent rise
in U.S. government alliance crops, overruled track to drop 0.16
percent to 113.85 yens. The euro rose to a 14 -month high of
$1.1479.
The Canadian dollar stole 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. yields, soft stock prices and a disappointing
report on domestic debit card spend transported investors fleeing
kiwi assets .
Sterling fell to an eight-month low against the euro after
the Bank of England Deputy Governor Ben Broadbent declined to
back up recent intimates from other policymakers at the central bank
that suggested it may be moving toward conjuring interest rates .
[ nL4N1K240R ]