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Canadian Dollar Hits an Oil Slick, Aussie Slips on Retail Sales

Spain pains the euro, falling oil prices sink the loonie and retail sales send the Aussie south - it's time for your FX Fix.

The euro hit a 23-month low on growing concerns about Spain's banks and borrowing costs. [CNBC]

Risk aversion is propping up both the dollar and the yen. [RTT]

European Union executives proposed a "banking union" to let member countries share the burden of bank failures, and the euro bounced off its earlier lows. [Reuters]

Slowing domestic growth and worries over Europe drove the yuan to a five-month low against the dollar. [WSJ]

Falling oil prices sent the Canadian dollar lower. [RTT]

The Australian dollar slipped after a disappointing retail sales report. [WSJ]

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