Title : Forex Signals Forex Trading Signals FX Trade Alerts
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Forex Signals Forex Trading Signals FX Trade Alerts
* Dollar turns direction vs yen to trade lower
* Investors await Fed's Yellen congressional evidence
* U.S. buyer 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 citing Russian support for 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 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 powerlessnes of
this administration to pass any meaningful legislation ,
particularly related to fiscal stimulus ," responded Omer Esiner ,
chief sell psychoanalyst 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 indicator <.DXY>, which tracks the greenback against
six major competitives, transformed negative on the working day to trade down 0.28
percent at 95.751, after reaching 95.651, its lowest since July
3 .
Investors are waiting for U.S. Federal Reserve Chair Janet
Yellen's semiannual monetary policy witnes before Congress on
Wednesday and U.S. consumer inflation data on 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 raise regards up. Once balance sheet reduction
is under way, she will assess inflation before deciding on
further interest rates rises, she read.[ nL1N1K10X8 ]
The greenback, which touched a four-month high against the
Japanese yens earlier in its present session stimulation by the recent rise
in U.S. government alliance harvests, altered track to drop 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 stock prices and a disappointing
report on domestic charge card spending mailed investors fleeing
kiwi assets .
Sterling fell to an eight-month low-spirited 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 growing interest rates .
[ nL4N1K240R ]