Title : Forex TradingSignals EURUSD Forextoo
link : Forex TradingSignals EURUSD Forextoo
Forex TradingSignals EURUSD Forextoo
* Dollar turns direction vs yen to trade lower
* Investors await Fed's Yellen congressional testament
* U.S. consumer 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 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 message
about Democratic competitive 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 incapacity of
this administration to pass any meaningful legislation ,
particularly related to fiscal stimulus ," articulated 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 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 contenders, grew negative on the working day to trade 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 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 comprises up. Formerly balance sheet reduction
is under way, she will assess inflation before deciding on
further interest rates rises, she responded.[ nL1N1K10X8 ]
The greenback, which touched a four-month high-priced against the
Japanese yen earlier in the session stimulated by the recent rise
in U.S. government alliance crops, turned track to drop-off 0.16
percent to 113.85 yen. The euro rose to a 14 -month high-pitched 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. harvests, soft merchandise rates and a disappointing
report on domestic debit card spending transmitted investors fleeing
kiwi assets .
Sterling fell to an eight-month low-spirited against the euro after
the Bank of England Deputy Governor Ben Broadbent declined to
back up recent suggestions from other policymakers at the central bank
that suggested it may be moving toward elevating interest rates .
[ nL4N1K240R ]