Euro hits 11-year low as Greek leftists sweep to power


Alexis Tsipras, head of leftist Syriza party, greets supporters after the initial election results general elections in Athenson Jan 25, 2015. Greeks revolted against five years of unrelenting austerity Sunday in a landmark vote that saw the leftist anti-bailout party Syriza place first in parliamentary elections, with an estimated 35% of the vote, falling short of an absolute majority in the 300-seat Parliament by one or two seats - EPA Photo.

TOKYO/WELLINGTON: The euro hit an 11-year low versus the US dollar on Monday as Greece's anti-austerity Syriza party swept to victory in a snap election, putting Athens on a collision course with international lenders.

The single currency dropped to US$1.1098, a level not seen since September 2003, as official projections showed Syriza was set to win 149 seats in the 300-seat parliament, taking 36.3% of the vote.

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