Title : FT Forex Signals Trading Strategy Online Foreign Currency Exchange
link : FT Forex Signals Trading Strategy Online Foreign Currency Exchange
FT Forex Signals Trading Strategy Online Foreign Currency Exchange
* Dollar overrules course vs yen to trade lower
* Investors await Fed's Yellen congressional evidence
* U.S. customer inflation data due on Friday
* Graphic: World FX paces 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 released an email
chain quoting Russian is supportive of his father before last year's
U.S. election .
Donald Trump Jr. was told a Russian prosecutor was offering
his father's presidential campaign incriminating message
about Democratic rival Hillary Clinton as part of Russian
government support, according to an email chain that he liberated
on Tuesday.[ nL1N1K209P ]
" At the least, these types of headlines play up
concerns about dysfunction in Washington and the impotence of
this administration to pass any meaningful legislation ,
particularly relevant to fiscal stimulus ," said Omer Esiner ,
chief marketplace psychoanalyst 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 parliamentary
business.[ nW1N1HW027 ]
The dollar indicator <.DXY>, which tracks the greenback against
six major rivals, transformed 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. shopper inflation data related to Friday .
Meanwhile, Fed Governor Lael Brainard said the Fed should
soon begin reducing its balance sheet, as long as financial data
on U.S. employment creation and rise comprises 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-priced against the
Japanese yen earlier in its present session spurred by the recent rise
in U.S. government bond harvests, turned course to autumn 0.16
percent to 113.85 yens. The euro rose to a 14 -month high-flown 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. crops, soft commodity rates and a disappointing
report on domestic charge card spending sent investors fleeing
kiwi assets .
Sterling fell to an eight-month low-grade against the euro after
the Bank of England Deputy Governor Ben Broadbent declined to
back up recent suggestions from other policymakers at the central bank
that suggested it may be moving toward heightening interest rates .
[ nL4N1K240R ]