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* Dollar alters course vs yen to sold lower
* Investors await Fed's Yellen congressional witnes
* U.S. shopper inflation data due on Friday
* Graphic: World FX rates 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-pitched against a basket of major currencies on Tuesday ,
after U.S. President Donald Trump's eldest son liberated an email
chain citing 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 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 kinds of headlines play up
concerns about dysfunction in Washington and the impotence of
this administration to pass any meaningful legislation ,
particularly related to fiscal stimulus ," replied Omer Esiner ,
chief marketplace specialist at Commonwealth FX in Washington .
U.S. Senate Republican leader Mitch McConnell said here on
Tuesday that the Senate would vote on a bill to roll back
Obamacare next week and then move on to other parliamentary
business.[ nW1N1HW027 ]
The dollar index <.DXY>, which tracks the greenback against
six major rivals, moved negative on the working day to sold down 0.28
percent at 95.751, after hitting 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. buyer inflation data related to Friday .
Meanwhile, Fed Governor Lael Brainard said the Fed should
soon begin reducing its balance sheet, as long as economic data
on U.S. employment creation and rise harbours up. Once balance sheet reduction
is under way, she will assess inflation before deciding on
further interest rates rises, she supposed.[ nL1N1K10X8 ]
The greenback, which touched a four-month high-flown against the
Japanese yens earlier in the session spurred by the recent rise
in U.S. government alliance harvests, turned course 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 merchandise prices and a disappointing
report on domestic charge card expend sent investors fleeing
kiwi resources .
Sterling fell to an eight-month low-pitched against the euro after
the Bank of England Deputy Governor Ben Broadbent decreased to
back up recent intimates from other policymakers at the central bank
that suggested it may be moving toward heightening interest rates .
[ nL4N1K240R ]