The euro plummeted Tuesday as some Federal Reserve officials implied the likelihood of interest rate hikes later this year.
Also, the European Central Bank reduced its growth and inflation forecasts earlier this month, igniting concerns the central bank could bolster its asset buying program this year.
The common currency closed at $1.1172 per US dollar. Against the Japanese yen, it stood at ¥134.34.
Investors will await surveys of the euro zone private sector, as well as Chinese manufacturing data Wednesday, to look for new clues on the condition of the global economy.
The material has been provided by InstaForex Company – www.instaforex.com