It traded at $1.3436 in the morning, its lowest point since May 2009. Concerns over Greece's ability to finance its debts have strained the euro for weeks.
The pound also fell 0.4 per cent, trading at $1.4936, amid worries of a hung parliament and massive debt.
While Greece is attempting to sort out its finances, its proposed austerity measures, such as changing pension plans and raising taxes, have incited large street protests. Greece's biggest public sector union has called for a 24-hour strike on 16 March in response to Athens' expected plans.
European Commission President Jose Manuel Barroso told Austrian newspaper Kurier that EU governments should exercise more discipline with their public finances.
"Every euro spent to finance the debt cannot be used for schools, hospitals or innovation," Barroso said.
