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It was down to a low of approximately $1.2230 (84.9p) against the greenback, with experts predicting the currency will remain under pressure.
"The euro is a one-way trade right now and capitulation is on my mind. I can see a move towards $1.2000 at least," Kenneth Broux of Lloyds Banking Group was quoted by Reuters as saying.
Credit Agricole's Stuart Bennett added the currency will suffer "for the foreseeable future" due to the "fiscal and economic concerns" surrounding the eurozone.
It has fallen in value by seven per cent so far this month and was 0.4 per cent lower on the day at 10:20 BST, putting it on $1.2310.
The pound was also under pressure in Forex trading this morning, hitting a 13-month low of $1.4253 against the dollar as Rightmove figures showed recovery in the housing market is slowing, the news agency reports.
Posted by Greg Secker
