Title : Forex Trading Signals PRICE ACTION TRADING SIGNALS
link : Forex Trading Signals PRICE ACTION TRADING SIGNALS
Forex Trading Signals PRICE ACTION TRADING SIGNALS
* Dollar reverses track vs yen to sold lower
* Investors await Fed's Yellen congressional testimony
* U.S. shopper 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 liberated 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 information
about Democratic rival Hillary Clinton as part of Russian
government support, according to an email chain that he released
on Tuesday.[ nL1N1K209P ]
" At the very 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 ," told Omer Esiner ,
chief market analyst at Commonwealth FX in Washington .
U.S. Senate Republican leader Mitch McConnell said here on
Tuesday that the Senate would vote on a statute to roll back
Obamacare next week and then move on to other legislative
business.[ nW1N1HW027 ]
The dollar indicator <.DXY>, which tracks the greenback against
six major competitors, moved negative on the day to trade 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. 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. employment creation and proliferation holds up. Once balance sheet reduction
is under way, she will assess inflation before deciding on
further interest rates rises, she answered.[ nL1N1K10X8 ]
The greenback, which touched a four-month high-priced against the
Japanese yens earlier in the session stimulation by the recent rise
in U.S. government bond harvests, reversed direction to fall 0.16
percent to 113.85 yen. The euro rose to a 14 -month high-priced 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. crops, soft commodity rates and a disappointing
report on domestic charge card spending mailed investors fleeing
kiwi assets .
Sterling fell to an eight-month low-spirited against the euro after
the Bank of England Deputy Governor Ben Broadbent decreased to
back up recent suggestions from other policymakers at the central bank
that suggested it may be moving toward growing interest rates .
[ nL4N1K240R ]