Brazil Mid-month Inflation dipped from previous 0.99% to 0.59% in July

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Gold tanks over 1%, languishing near $ 1190

Gold prices on Comex stalled its downward spiral near five-year lows of $ 1187 reached on Monday and continued to mire in lows, keeping in sync with sell-off witnessed across the commodities space.
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EUR/USD drops further below 1.0920

The euro remains on the back footing vs. the greenback during the European afternoon, with EUR/USD now fading a rebound to the 1.0930 area..
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