Euro Slumps to Two-Decade Lows as Energy Crisis Bites

U.S. Dollar and Euro banknotes are seen in this illustration taken on July 17, 2022. Dado Ruvic/Illustration/Reuters

LONDON—The euro hit a fresh two-decade low on Tuesday, dealt a fresh blow by renewed concern that an energy shock will keep inflation elevated and makes a recession in Europe all but certain.

China’s yuan weakened to a two-year low, while sterling briefly touched its weakest since March 2020.