Brazil Inflation Index/IGP-M fell from previous 0.69% to 0.28% in July

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Aug 28, 2015

USD/CAD defends 1.32 barrier as Oil looks for direction

The Canadian dollar recovers partial losses versus its American counterpart in the mid-European session, with USD/CAD hovering above 1.32 handle, as the loonie lies at the mercy of oil prices which seem to be going nowhere, albeit clinged to yesterday’s gains.

AUD/USD extends the drop to 0.7140

The Aussie met fresh offers near 0.7165 and accelerated losses pushing the commodity-linked currency pair closer towards 0.71 handle as lower oil prices along with falling European stocks triggered risk-aversion, with traders dumping EM currencies across the board.