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      USD/CAD keeps falling, testing 1.30

      FXStreet (Edinburgh) - The US dollar is accelerating its daily downside vs. its Canadian neighbour on Friday, now sending USD/CAD to test the vicinity of 1.3000 the figure.

      USD/CAD lower ahead of CAD CPI

      The pair keeps extending its leg lower from overnight tops near 1.3180, with the selling interest around the greenback gathering further traction in response to yesterday’s decision by the Federal Reserve to refrain from hiking fed fund rates.

      Next of relevance in the pair will be the Canadian inflation figures during August, with consensus expecting headline consumer prices to have advanced 2.1% on a yearly basis and BoC’s core prices to have gained 1.3% during the same period.

      USD/CAD levels to consider

      The pair is now losing 1.17% at 1.3027 and a breach of 1.3010 (low Sep.18) would open the door to 1.3000 (psychological level) and then 1.2952 (low Aug.12). On the other hand, the initial up barrier aligns at 1.3186 (high Sep.18) followed by 1.3261 (high Sep.16) and finally 1.3290 (high Sep.10).

      Opinion polls show no clear winner as Greece as election campaign ends

      All five opinion polls published so far, failed to show an outright winner in the Greek parliamentary elections, as neither of the two largest parties, Syriza and New Democracy, were close to the 38% threshold needed to represent a majority in the 300-seat parliament.
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      Brazil GDP Preview: July figures expected at -4.6% YoY- BBH

      Research Team at BBH, note that Brazil is expected to release its monthly GDP proxy for July, and is expected at -4.6% YoY vs. -1.2% in June.
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