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* Dollar overrules track vs yen to sold lower
* Investors await Fed's Yellen congressional testament
* U.S. consumer 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 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 types of headlines play up
concerns about dysfunction in Washington and the inability of
this administration to pass any meaningful legislation ,
particularly relevant to fiscal stimulus ," said 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 statute 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 challengers, made negative on the working day to sold 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 testament before Congress on
Wednesday and U.S. shopper 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 growing regards up. Once balance sheet reduction
is under way, she will assess inflation before deciding on
further interest rates rises, she suggested.[ nL1N1K10X8 ]
The greenback, which touched a four-month high-pitched against the
Japanese yens earlier in the session stimulation by the recent rise
in U.S. government bond crops, overruled direction to drop 0.16
percent to 113.85 yen. The euro rose to a 14 -month high-priced 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 stock rates and a disappointing
report on domestic credit card expend transmitted investors fleeing
kiwi assets .
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 raising interest rates .
[ nL4N1K240R ]