Title : FREE FOREX TRADING SIGNALS DAILY Page 197
link : FREE FOREX TRADING SIGNALS DAILY Page 197
FREE FOREX TRADING SIGNALS DAILY Page 197
* Dollar reverses direction vs yen to sold lower
* Investors await Fed's Yellen congressional testimony
* U.S. customer inflation data due on Friday
* Graphic: World FX proportions 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 released an email
chain quoting Russian is supportive of "his fathers" before last year's
U.S. election .
Donald Trump Jr. was told a Russian lawyer was offering
his father's presidential campaign incriminating report
about Democratic rival Hillary Clinton as part of Russian
government support, according to an email chain that he liberated
on Tuesday.[ nL1N1K209P ]
" At the very least, these types of headlines play up
concerns about dysfunction in Washington and the powerlessnes of
this administration to pass any meaningful legislation ,
particularly related to fiscal stimulus ," articulated Omer Esiner ,
chief sell specialist at Commonwealth FX in Washington .
U.S. Senate Republican leader Mitch McConnell said on
Tuesday that the Senate would vote on a legislation 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 contenders, grew negative on the working day to sold down 0.28
percent at 95.751, after smacking 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 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. jobs and raise holds up. Once balance sheet reduction
is under way, she will assess inflation before deciding on
further interest rates rises, she replied.[ nL1N1K10X8 ]
The greenback, which touched a four-month high against the
Japanese yen earlier in its present session stimulation by the recent rise
in U.S. government bail harvests, altered direction to fall 0.16
percent to 113.85 yen. The euro rose to a 14 -month high-flown 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 commodity costs and a disappointing
report on domestic debit card spending sent 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 clues from other policymakers at the central bank
that suggested it may be moving toward heightening interest rates .
[ nL4N1K240R ]