Pressured by the general strength of the dollar, the EUR/USD it has extended its daily decline and hit its lowest level since December 2002 below 1.0340.
Since hitting daily highs of 1.0448 in the European pre-open, the pair has lost nearly 120 pips, plunging to almost twenty-year lows at 1.0331. At time of writing, EUR/USD is trading above 1.0337, shedding 0.8% on the day.
The strength of the greenback, on the other hand, is leading the DXY index at its highest level in two decades at 104.70.
Services PMI data from Germany and the Eurozone have not helped the shared currency, as both have fallen to five-month lows, standing at 52.4 and 53 points respectively. The euro zone integrated index has fallen to its lowest level in 16 months.
Technical Levels
Source: Fx Street
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