The euro came under pressure on Monday after Greece's leftist party Syriza won Sunday's snap election by a larger-than-expected margin, snatching at least 149 seats in the 300-seat parliament.
The common currency fell as low as $1.1098 in early Asian trade – its lowest level in 11 years – but rebounded to $1.1184 by 1345 SIN/HK.
Last Friday, the euro fell to new lows against the greenback on the back of the massive bond-buying package the European Central Bank unleashed on Thursday. Other forces including a strengthening U.S. economy and renewed fighting in eastern Ukraine will likely push the euro lower, analysts say.
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