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Data from 08:10 BST revealed that the European single currency fell 0.6 per cent against the greenback to $1.4116, which represented the lowest value seen since August 11th.
Experts attributed the decline in the euro in part to a significant election loss by the German chancellor Angela Merkel, who lost a battle in her home state using a campaign highlighting plans to deal with the eurozone's debt crisis.
Alex Swinton, senior dealer at ANZ National Bank in New Zealand, told Bloomberg: "The U.S. economy is sluggish, the European debt concern is not going away in a hurry, so market sentiment is not going to improve for a very long time."
Despite the drop in the value of the euro against the dollar, the latest figures still show a significant improvement when compared with those from the same time last year, as on September 8th 2010, the euro was only worth $1.2697.
Posted by Chris Weaver
