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

Reuters

SYDNEY (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)