Title : Daily forex trading signals
link : Daily forex trading signals
Daily forex trading signals
* Dollar turns track vs yen to trade lower
* Investors await Fed's Yellen congressional evidence
* U.S. buyer inflation data due on Friday
* Graphic: World FX proportions 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 released
on Tuesday.[ nL1N1K209P ]
" At the least, these types of headlines play up
concerns about dysfunction in Washington and the inability of
this administration to pass any meaningful legislation ,
particularly related to fiscal stimulus ," answered 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 legislation 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 competitors, altered negative on the 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 affidavit before Congress on
Wednesday and U.S. buyer inflation data on Friday .
Meanwhile, Fed Governor Lael Brainard said the Fed should
soon begin reducing its balance sheet, as long as economic data
on U.S. jobs and rise maintains up. Formerly balance sheet reduction
is under way, she will assess inflation before deciding on
further interest rates rises, she said.[ nL1N1K10X8 ]
The greenback, which touched a four-month high-pitched against the
Japanese yen earlier in its present session spurred by the recent rise
in U.S. government bond harvests, turned track to autumn 0.16
percent to 113.85 yen. 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 spend mailed investors fleeing
kiwi assets .
Sterling fell to an eight-month low-toned against the euro after
the Bank of England Deputy Governor Ben Broadbent declined to
back up recent intimates from other policymakers at the central bank
that suggested it may be moving toward raising interest rates .
[ nL4N1K240R ]