New York - The euro kept falling on course towards dollar parity on Tuesday, hitting its lowest level against the greenback in nearly 12 years.
The euro sank more than one-and-a-half cents from late on Monday to below the $1.07 line, a level not seen since the beginning of April 2003.
Given the weakness of the eurozone economy and the Greek debt crisis, and that euro bond yields have fallen to rock-bottom levels, there is simply no reason to buy the euro, said David Gilmore of Foreign Exchange Analytics.