EUR/USD near 1.35 on Italy Crisis

The euro fell hard in Asia on Monday with Italy in the grip of a fresh political crisis, while investors also sold the greenback as a midnight deadline to avert a shutdown in Washington loomed large.

Both the safe-haven Swiss franc and yen benefited as a result. The euro fell to a three-week low of 131.38 yen from around 132.78 late in New York on Friday. It shed 0.3 percent to 1.2218 Swiss francs, reaching a trough not seen since late June.

The dollar slid to a one-month low of 97.53 yen from 98.20 late in New York, but managed to outperform the euro, which slipped 0.2 percent to $1.3491.


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