The euro weakened for a seventh day against the dollar as Greek politicians struggled to form a new government after elections on the weekend raised the prospect of the country withdrawing from the currency bloc.

The common currency fell against the greenback as German Chancellor Angela Merkel rejected government stimulus as the way to spur economic growth, setting up a clash with French president-elect Francois Hollande.

New Democracy leader Antonis Samaras said yesterday he failed to forge agreement to form a Greek government after weekend elections. The attempt will pass to Alexis Tsipras, the head of Syriza, the second biggest party, which has vowed to cancel bailout terms for the nation. Tsipras will see President Karolos Papoulias today in Athens.

EUR/USD: the pair decreased in $1,3000 area.

GBP/USD: the pair showed low in $1,6120 area then grown.

USD/JPY: the pair showed low in Y79,70 area  then slightly restored.