The euro traded 0.1 percent from a two-year low as Greece™s prime minister attempts to get his presidential candidate confirmed and avoid an early parliamentary election that risks severing the nation™s international lifeline.

The currencies of Australia and New Zealand fell after data showed industrial profits dropped in China, the South Pacific nations™ biggest trading partner. The yen weakened for a second day amid speculation Japan™s central bank will introduce more currency-depreciating stimulus to revive growth.

The euro fell 0.1 percent to $1.2176 as of 9:15 a.m. Tokyo time. It depreciated to $1.2165 on Dec. 23, the weakest level since August 2012. The yen slipped to 120.44 against the greenback, from 120.31 on Dec. 26.

Australia™s dollar declined 0.1 percent to 81.13 U.S. cents. New Zealand™s currency fell 0.2 percent to 77.47 cents.

Source: Bloomberg