Euro Plunges to Two-Decade Low Versus Dollar as Economic Fears Mount

Euro Plunges to Two-Decade Low Versus Dollar as Economic Fears Mount
Rolled Euro banknotes are placed on U.S. Dollar banknotes in this illustration taken on May 26, 2020. Dado Ruvic/Illustration/Reuters
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LONDON—The euro sank to a two-decade low versus the dollar on Tuesday as another surge in natural gas prices reignited worries about the health of the eurozone economy and data showed eurozone business growth slowed sharply in June.

The euro tumbled 0.9 percent against the dollar to $1.0325, its weakest since December 2002. Versus the Swiss franc, it dropped 0.7 percent to 0.9941 francs, its lowest since 2015.