The Australian dollar also gave up 1.7 percent and headed towards a six-year trough after tightening of exports from China fuelled apprehensions of feeble growth in the second-biggest economy.
The shared currency went down 0.8 percent versus the USD and traded at $1.05205 near a 12-year slump of $1.0457.
The euro also touched a two and one-half month trough versus the Swiss note at 1.0368 francs.
Meanwhile, the USD climbed 0.6 percent against its major peers and reached 99.986 which are the highest in a month.
Majority of large banking institutions expect the USD to continue rising against the euro. Morgan Stanley was one of those to modify its projection for the euro and predicted that the currency will come to $0.98 by the end of 2015. On the other hand, the Aussie dollar declined to $0.7553 which is close to the six-year slump of $0.7534 which was posted during the early part of April.
The World Bank also reduced its growth forecasts for this year as far as developing nations in East Asia including China and issued warnings of major risks from global vagueness.
These provide a downbeat picture for the AUD particularly as current data was influenced by regression in exports, according to the European FOREX strategy head of Morgan Stanley (London).
The UK pound sterling touched a five-year low ($1.4567) with less than one month before the British parliamentary elections take place.
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