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Free Forex Signals Forex Signals Best Trade Signals
* Dollar turns direction vs yen to trade lower
* Investors await Fed's Yellen congressional witnes
* 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-toned against a basket of major currencies on Tuesday ,
after U.S. President Donald Trump's eldest son liberated 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 kinds 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 ," read Omer Esiner ,
chief market specialist at Commonwealth FX in Washington .
U.S. Senate Republican leader Mitch McConnell said here on
Tuesday that the Senate would vote on a invoice 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 challengers, turned 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 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 economic data
on U.S. employment creation and rise regards up. Formerly balance sheet reduction
is under way, she will assess inflation before deciding on
further interest rates rises, she spoke.[ nL1N1K10X8 ]
The greenback, which touched a four-month high-pitched against the
Japanese yen earlier in the session stimulation by the recent rise
in U.S. government bail harvests, overruled course to descent 0.16
percent to 113.85 yen. The euro rose to a 14 -month high-pitched of
$1.1479.
The Canadian dollar slipped against its U.S .
counterpart as traders 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 stock rates and a disappointing
report on domestic credit card spend transported investors fleeing
kiwi resources .
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 intimates from other policymakers at the central bank
that suggested it may be moving toward elevating interest rates .
[ nL4N1K240R ]