Euro plunges to lowest level since 2003

Economies.com
2017-01-03 16:09PM UTC

Euro fell today to the lowest since 2003 after the dollar drew support from strong U.S. manufacturing data, underpinning the greenback against major rivals.
 
EUR/USD last traded at 1.0379, down from the opening of 1.0457, with an intraday high at 1.0490, and the lowest since 2003 at 1.0341.
 
Euro's current slump comes amid a lack of important economic data from the Eurozone that would've helped the common currency, which forced it down against the dollar.
 
Dollar hit new multi-year highs against major currencies after earlier U.S. data showed the manufacturing PMI up to 54.7 in December from 53.2, besting expectations of 53.7.
 
The dollar index, gauging the greenback against an array of six major currencies, rose to 103.45 from the opening of 102.99, with an intraday low at 102.59, and a new multi-year high at 103.81.

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