The euro rate came under further pressure on Thursday.
In the morning, the common currency cost 1.1465 US dollars, the last time it was in July 2020. The European Central Bank (ECB) set the reference rate significantly higher on Wednesday afternoon at 1.1558 dollars.
Expectation of rate hike
The trigger for the strong euro losses are inflation data from the USA from the previous day.
At 6.2 percent, consumer prices rose more sharply in October than they have been in 31 years.
The high inflation arouses expectations of interest rate hikes by the US Federal Reserve, which tends to make the dollar more attractive as an investment currency.
It appreciates against other currencies such as the euro.
ECB central bankers speak
On Thursday, however, there will be little economic data that could cause market movement.
In the USA there is mostly quiet due to the holidays.
In the eurozone, some senior central bank officials speak out.