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.
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EUR/USD revisits 1.1260, German CPI in focus

The EUR/USD pair continues to lose strength and returns to the familiar ranges seen during early European trades, as traders remain on the side lines ahead of the crucial German CPI data due to be released shortly.
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