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* Dollar reverses track vs yen to sold lower
* Investors await Fed's Yellen congressional affidavit
* 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 quoting Russian is supportive of 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 knowledge
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 incapacity of
this administration to pass any meaningful legislation ,
particularly relevant 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 invoice 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, turned 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 affidavit 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. employment creation and proliferation holds up. Formerly balance sheet reduction
is under way, she will assess inflation before deciding on
further interest rates rises, she replied.[ nL1N1K10X8 ]
The greenback, which touched a four-month high-pitched against the
Japanese yens earlier in the session stimulated by the recent rise
in U.S. government bail harvests, altered course to autumn 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 debit card spend transmitted 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 elevating interest rates .
[ nL4N1K240R ]