Doubts Related to Euro sales drop In Greece

Forex News -

The euro dropped to its lowest point just eight months against the dollar since the Asian session Monday on worries about the continuing debt crisis Greece before the euro-zone finance ministers meeting on Monday and Tuesday.

The weakening of Asian stock markets also weakened sentiment, and injured eye high yielding currencies like Euro and Aussie.

The Australian dollar fell to its lowest point even 2011, the DJIA hit after stocks slumped on Friday more than 200 points.

While most of the Euro hit after the Greek government announced that the deficit target this year will be missed despite the existing austerity budget that includes cuts in civil servants in the service sector to meet the demands of international creditors.

Uncertainty over expansion EFSF also arise after the Slovak government's rumored most still oppose the deal.