Euro falls below $1.30 barrier as risk appetite wanes

The euro has fallen below the $1.30 barrier against the dollar, as Sunday's European election hangover continues to unsettle investors.

Europe's single currency is down 0.2% to $1.2980 today after hitting a three-month low of $1.2955 on Monday. The Greek elections on Sunday, which saw left-wing anti-austerity parties garner support for a potential coalition, have thrown investors into uncertainty over the future of the eurozone debt crisis and Greece's potential exit from the euro. In addition, the election of Socialist President Francois Hollande has prompted further uncertainty over how European leaders will manage to tackle its debts whilst implementing more growth-focused policies. Australian and New Zealand cu...