The euro weakened to an 11-year low against the dollar after Syriza, the party committed to renegotiating Greece™s debt obligations, won a general election.

The 19-nation currency fell for a third day versus the greenback, after tumbling last week on the European Central Bank™s plan to pump 1.1 trillion euros ($1.23 trillion) into the economy to stoke inflation. The yen strengthened versus 13 of its 16 major counterparts amid demand for haven assets. The Australian and New Zealand dollars declined.

The euro fell 0.2 percent to $1.1178 at 9:32 a.m. in Tokyo after sliding to $1.1098, the weakest level since September 2003. The common currency dropped 0.2 percent to 130.71 yen after reaching 130.15, the weakest since September 2013. The yen was little changed at 117.43 per dollar.

Tsipras™s Coalition of the Radical Left, known by its Greek acronym, took 36 percent of the vote with 90 percent of the ballots counted. That compares with 28.1 percent for Prime Minister Antonis Samaras™s New Democracy. The far-right Golden Dawn placed third with 6.3 percent, followed by To Potami, a potential Syriza coalition partner, with 5.9 percent.

Australia™s dollar dropped 0.2 percent to 78.98 U.S cents, while the New Zealand currency fell 0.3 percent to 74.27 cents. Australian financial markets are shut for a holiday.

Source: Bloomberg