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The 17-nation currency slid as Fitch Ratings said a Greek disorderly default could not be ruled out in the current economic climate, Bloomberg reports.
Europe's common currency fell as much as one per cent to $1.3028, the steepest intraday decline it has suffered since January 30th, and dropped by 0.9 per cent by 99.92 yen.
Greece's interim prime minister Lucas Papademos and the three party leaders backing his government met in Athens to discuss the terms of an international rescue fund.
"It just seems to continue with Greece, and there are shorts coming in to the market and selling the euro down," said Fabian Eliasson, head of U.S. currency sales at Mizuho Financial Group.
The euro also struggled at the end of last week after being overvalued in earlier trading and affected by Greece's ongoing crisis talks, the news provider noted.
Posted by Clive Arneil
