AUDUSD near five-year-and-a-half low following Syriza victory

The Australian dollar held steady at fresh five-and-a-half year lows against its U.S. counterpart on Monday, as market sentiment weakened broadly after anti-austerity Syriza party won Greek elections on Sunday.

Investors remained cautious as the anti-austerity party Syriza`s victory sparked concerns over Greece`s future in the euro zone.

Attention is turned to the U.S. dollar this week ahead of the U.S. Federal Reserve interest rate meeting on Wednesday.

The AUD/USD pair fell to its lowest since July 2009 around 0.7859, while it remained steady around 0.7906 at 12:38 GMT.