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* Dollar alters track vs yen to sold lower
* Investors await Fed's Yellen congressional affidavit
* 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-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 kinds of headlines play up
concerns about dysfunction in Washington and the impotence of
this administration to pass any meaningful legislation ,
particularly related to fiscal stimulus ," spoke Omer Esiner ,
chief sell specialist 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 legislative
business.[ nW1N1HW027 ]
The dollar indicator <.DXY>, which tracks the greenback against
six major challengers, turned negative on the working 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 testimony 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 economic data
on U.S. jobs and rise comprises up. Once balance sheet reduction
is under way, she will assess inflation before deciding on
further interest rates rises, she mentioned.[ nL1N1K10X8 ]
The greenback, which touched a four-month high-priced against the
Japanese yen earlier in its present session stimulation by the recent rise
in U.S. government alliance crops, altered track to drop 0.16
percent to 113.85 yens. The euro rose to a 14 -month high-priced of
$1.1479.
The Canadian dollar stole against its U.S .
counterpart as traders 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 merchandise prices and a disappointing
report on domestic charge card expend transmitted investors fleeing
kiwi resources .
Sterling fell to an eight-month low-toned against the euro after
the Bank of England Deputy Governor Ben Broadbent decreased to
back up recent clues from other policymakers at the central bank
that suggested it may be moving toward heightening interest rates .
[ nL4N1K240R ]