A euro currency symbol sits on display in the visitor centre at the European Central Bank (ECB) building in Frankfurt, Germany.
Alex Kraus | Bloomberg | Getty Images
The euro fell to its lowest level in two decades on Tuesday, sliding over 1% to hit $1.0305.
Investors have scaled back expectations that the European Central Bank will hike interest rates to rein in record-high inflation, as the risk of an economic recession in the euro zone grows as a result of the war in Ukraine.
This is a developing story and will be updated shortly.
