The euro touched its lowest since late 2002 at $0.9926 overnight and was last barely higher at $0.9939.
“Given the current mood, there’s obviously concerns as to whether that’s going to be three days or whether it’s going to be three years,” said Ray Attrill, head of FX strategy at National Australia Bank . The Australian and New Zealand dollars were relatively steady, which NAB’s Attrill attributed to market’s attention being drawn to the weakness of Europe’s outlook.
Against a basket of currencies, in which the euro is the most heavily weighted, the US dollar index stood firm at 108.9, attempting to breach a two-decade high of 109.29 hit in July.
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