The Australian dollar has opened lower, as election results and commentary in Greece continue to worry the market.
At 0630 AEST on Wednesday, the local unit was trading at 101.17 US cents, down from 101.70 cents on Tuesday.
The frontrunners in the Greek elections are yet to form a government, but support for anti-austerity parties has concerned the market.
On Tuesday night (European time), leader of left coalition Syriza, Alexis Tsipras, said Greece's bailout deal was null and void, causing markets to slide.
The Australian budget, released Tuesday night, had less impact on the dollar.
The local currency was trading at 101.34 US cents at 1933 AEST, virtually unchanged from 101.35 US cents at 1930 AEST, shortly before the budget's release.
Treasurer Wayne Swan's fifth budget included a forecast surplus of $1.5 billion for the 2012/13 year.
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