Title : Forex Trading Signals And Trade Alerts EURGBP
link : Forex Trading Signals And Trade Alerts EURGBP
Forex Trading Signals And Trade Alerts EURGBP
* Dollar reverses course vs yen to trade lower
* Investors await Fed's Yellen congressional testimony
* U.S. buyer 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 fathers" 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 very least, these kinds 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 ," answered Omer Esiner ,
chief marketplace analyst at Commonwealth FX in Washington .
U.S. Senate Republican leader Mitch McConnell said 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 competitors, altered negative on the 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 witnes before Congress on
Wednesday and U.S. customer 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 growing holds up. Formerly balance sheet reduction
is under way, she will assess inflation before deciding on
further interest rates rises, she answered.[ nL1N1K10X8 ]
The greenback, which touched a four-month high against the
Japanese yen earlier in its present session spurred by the recent rise
in U.S. government alliance yields, overruled track to drop-off 0.16
percent to 113.85 yens. The euro rose to a 14 -month high of
$1.1479.
The Canadian dollar stole 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. yields, soft commodity costs and a disappointing
report on domestic credit 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 suggestions from other policymakers at the central bank
that suggested it may be moving toward creating interest rates .
[ nL4N1K240R ]