Sharemarket falls as euro fears hit world markets, Aussie dollar down

Jaclyn Densley /

The Australian sharemarket has fallen this morning after fears about the political situation in Greece impacted world markets, including the United States, last night.

The benchmark S&P/ASX200 index was down 38.7 points or 0.9% to 4258.3 at 12.00 AEST.

In the United States, the Dow Jones Industrial Average fell 125.2 points or 0.98% to 12,695.35.

The dollar has continued to fall over fears Greece may not be able to reach a political agreement in order to receive bailout funds.

The dollar fell below parity yesterday, while at 12.00 AEST it was trading at $US0.9969c.

This article first appeared on SmartCompany.