Title : FOREX PRICE ACTION TRADING SIGNALS Price Action Forex Trading Blog
link : FOREX PRICE ACTION TRADING SIGNALS Price Action Forex Trading Blog
FOREX PRICE ACTION TRADING SIGNALS Price Action Forex Trading Blog
* Dollar alters course vs yen to trade lower
* Investors await Fed's Yellen congressional testimony
* U.S. buyer 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-spirited against a basket of major currencies on Tuesday ,
after U.S. President Donald Trump's eldest son liberated an email
chain quoting Russian is supportive of "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 info
about Democratic competitive 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 powerlessnes of
this administration to pass any meaningful legislation ,
particularly relevant to fiscal stimulus ," announced Omer Esiner ,
chief marketplace specialist at Commonwealth FX in Washington .
U.S. Senate Republican leader Mitch McConnell said on
Tuesday that the Senate would vote on a invoice 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, became negative on the working 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 testimony before Congress on
Wednesday and U.S. buyer inflation data on 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 raise holds up. Once balance sheet reduction
is under way, she will assess inflation before deciding on
further interest rates rises, she responded.[ nL1N1K10X8 ]
The greenback, which touched a four-month high-flown against the
Japanese yens earlier in its present session stimulated by the recent rise
in U.S. government alliance crops, reversed track to descent 0.16
percent to 113.85 yens. 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 charge card spending sent investors fleeing
kiwi assets .
Sterling fell to an eight-month low-toned 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 developing interest rates .
[ nL4N1K240R ]