The euro dropped on Tuesday to its lowest level against the US dollar in two-and-a-half weeks as global economic growth concerns and fears about Greece's bailout led investors to shun risk. Worries about slowing growth also weighed on commodity currencies, with the Australian and New Zealand dollars dropping to their lowest levels in over a month only a day after China, the world's second-largest economy, announced its lowest annual growth target in eight years.
The euro was last down 0.8 percent at $1.3108, having dropped to around $1.3101, its weakest since February 16, after triggering sell orders on the break of Monday's $1.3160 low. The Australian dollar hit a global session low against the US dollar at $1.0550, its lowest level since January 30. It last traded at $1.0532, down 1.3 percent on the day, according to Reuters data. The New Zealand dollar hit a low of $0.8110, its lowest since January 25. It last traded at $0.8104, down 1.2 percent on the day.
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