Title : Free forex trading signals daily Page 215
link : Free forex trading signals daily Page 215
Free forex trading signals daily Page 215
* Dollar reverses track vs yen to trade lower
* Investors await Fed's Yellen congressional testimony
* U.S. customer inflation data due on Friday
* Graphic: World FX frequencies 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-grade 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 report
about Democratic competitive Hillary Clinton as part of Russian
government support, according to an email chain that he released
on Tuesday.[ nL1N1K209P ]
" At the least, these types of headlines play up
concerns about dysfunction in Washington and the inability of
this administration to pass any meaningful legislation ,
particularly related to fiscal stimulus ," announced Omer Esiner ,
chief market specialist 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 legislative
business.[ nW1N1HW027 ]
The dollar index <.DXY>, which tracks the greenback against
six major competitives, became negative on the 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 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. jobs and raise maintains up. Formerly balance sheet reduction
is under way, she will assess inflation before deciding on
further interest rates rises, she mentioned.[ nL1N1K10X8 ]
The greenback, which touched a four-month high-pitched against the
Japanese yens earlier in the session stimulated by the recent rise
in U.S. government bail yields, reversed direction to fall 0.16
percent to 113.85 yens. The euro rose to a 14 -month high-priced of
$1.1479.
The Canadian dollar slipped 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 costs and a disappointing
report on domestic credit card spending transported investors fleeing
kiwi resources .
Sterling fell to an eight-month low-toned against the euro after
the Bank of England Deputy Governor Ben Broadbent declined to
back up recent clues from other policymakers at the central bank
that suggested it may be moving toward creating interest rates .
[ nL4N1K240R ]