Euro hits 11-year low as anti-austerity party wins Greek election

Anti-austerity Syriza party supporters celebrating as leader Alexis Tsipras speaks folllowing victory in the election in Athens on Jan 25, 2015. -- PHOTO: AFP
Anti-austerity Syriza party supporters celebrating as leader Alexis Tsipras speaks folllowing victory in the election in Athens on Jan 25, 2015. -- PHOTO: AFP

SINGAPORE (Reuters) - The euro hit a fresh 11-year low on Monday as Greece's Syriza party promised to roll back austerity measures after sweeping to victory in a snap election, putting Athens on a collision course with international lenders.

The euro fell to US$1.1098 on trading platform EBS, its lowest level since September 2003. It last traded at US$1.1132, down about 0.8 per cent compared to late U.S. trade on Friday.