Euro trading worsened with a fall in the European session as Germany, France and the UK were considering new sanctions to curb the rising Covid-19 transmission.
French President Emmanuel Macron is expected to make an announcement on Wednesday night (European time) after reports that his government was considering implementing a nationwide lockdown for a month, after France reported the highest death toll since April.
Meanwhile, German Chancellor Angela Merkel is considering stricter sanctions and will announce it after talks with the country's prime minister.
In addition, the pound also declined lower after UK Prime Minister Boris Johnson reportedly announced new restrictions, but there was disagreement among MPs.
Concerns over the surge in the Covid-19 case and the implementation of new sanctions also pushed the European stock market to open lower today.
FTSE London reportedly fell to a six-month low, when the UK was under the implementation of a curfew in April. Meanwhile, the Stoxx 600 index of European companies plunged to its lowest level since mid-June.
Meanwhile, adding to the pressure on pound trading is when negotiations on Brexit trade are said to be at the 'most difficult point', according to EU Council President Charles Michel.
On the other hand, the Aussie and New Zealand dollars also plummeted as concerns over the prospect of a global recovery would stagnate due to sanctions imposed on major countries in the world.
