EUR/USD swings back to 1.0850 as European equities crash

The EUR/USD pair witnessed sudden bid wave last minutes, lifting the prices from session lows and now storming towards the mid-point of 1.08 handle.
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European stocks extend China-led sell-off on Yuan cut

The stocks on the European bourses were in the sea of red and reached three-month lows this Thursday, deepening the slump seen yesterday, after another round of yuan devaluation by the PBOC triggered China stock markets turmoil.
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