Euro hits 9-year low on eurozone worries, falling oil

The euro slid to $1.1864, the lowest level since March 2006, before recovering to $1.1933 around 2200 GMTThe euro sank against the dollar to the lowest level in nearly nine years Monday as investors worried about a possible Greek exit from the eurozone and sliding oil prices. Fears mounted that an election in embattled Greece later this month could put the opposition anti-austerity party Syriza in power, jeopardizing the country’s economic reforms mandated by the international financial rescue.

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