On Wednesday, July 18, the euro hit a record law against the Australian dollar, falling to A$1.1881, the lowest level since it was introduced. This was a result of traders reacting to a media report that German Chancellor Angela Merkel said she couldn't be sure the European project would work.
Last week, the euro fell against the American dollar, to USD 1.2185, the lowest level since June, 2010. This was also an indicator that markets are concerned about Europe's debt crisis.
Sources
Reuters.com
PressTV.ir
