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Euro tumbles to 20-month low after Italy's PM concedes defeat
December 4, 2016 / 11:42 PM / 10 months ago

Euro tumbles to 20-month low after Italy's PM concedes defeat

SYDNEY, Dec 5 (Reuters) - The euro skidded to its lowest since March 2015 on Monday after Italian Prime Minister Matteo Renzi conceded he had lost a constitutional referendum that could end his career and rock the country’s banking system.

The euro dropped 1.3 percent to $1.0534, having briefly dipped to $1.0505, the lowest since March 2015.

Against the yen, the common currency fell 1.5 percent to 119.38 yen. (Reporting by Cecile Lefort; Editing by Eric Meijer)

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