Title : Forex Trading Signals PRICE ACTION TRADING SIGNALS
link : Forex Trading Signals PRICE ACTION TRADING SIGNALS
Forex Trading Signals PRICE ACTION TRADING SIGNALS
* Dollar overrules course vs yen to sold lower
* Investors await Fed's Yellen congressional witnes
* 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-toned against a basket of major currencies on Tuesday ,
after U.S. President Donald Trump's eldest son released an email
chain citing 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 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 least, these types 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 ," replied 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, grew 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 evidence 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. jobs and growing maintains up. Formerly balance sheet reduction
is under way, she will assess inflation before deciding on
further interest rates rises, she spoke.[ nL1N1K10X8 ]
The greenback, which touched a four-month high against the
Japanese yens earlier in the session stimulation by the recent rise
in U.S. government bail crops, reversed track to fall 0.16
percent to 113.85 yen. The euro rose to a 14 -month high 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. yields, soft commodity prices and a disappointing
report on domestic charge card spending transported investors fleeing
kiwi resources .
Sterling fell to an eight-month low 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 elevating interest rates .
[ nL4N1K240R ]