London - The euro tumbled on Tuesday towards a 12-year dollar low, hit by eurozone stimulus, growing US rate hike speculation and Greek debt concerns, dealers said.
In London afternoon trading, the European single currency sank to $1.0723 - the lowest level since mid-April 2003. The region's stock markets moved lower.
"The US dollar scored multi-year highs ... amid starkly diverging outlooks for interest rates globally," said analyst Daniel Sugarman at trading firm ETX Capital.