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* Dollar overrules track vs yen to trade lower
* Investors await Fed's Yellen congressional witnes
* 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-toned 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 attorney 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 liberated
on Tuesday.[ nL1N1K209P ]
" At the very least, these kinds of headlines play up
concerns about dysfunction in Washington and the incapacity of
this administration to pass any meaningful legislation ,
particularly relevant to fiscal stimulus ," spoke Omer Esiner ,
chief sell analyst at Commonwealth FX in Washington .
U.S. Senate Republican leader Mitch McConnell said here on
Tuesday that the Senate would vote on a legislation 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 competitives, transformed 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 testimony 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 financial data
on U.S. employment creation and rise maintains up. Formerly balance sheet reduction
is under way, she will assess inflation before deciding on
further interest rates rises, she announced.[ nL1N1K10X8 ]
The greenback, which touched a four-month high-priced against the
Japanese yens earlier in its present session stimulation by the recent rise
in U.S. government alliance yields, turned course to drop-off 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 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 merchandise costs and a disappointing
report on domestic debit card spend transported investors fleeing
kiwi assets .
Sterling fell to an eight-month low-pitched against the euro after
the Bank of England Deputy Governor Ben Broadbent declined to
back up recent indications from other policymakers at the central bank
that suggested it may be moving toward raising interest rates .
[ nL4N1K240R ]