Reuters: US Dollar Report: Euro/dollar skids to nearly 7-week low on Italy vote concerns

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Euro/dollar skids to nearly 7-week low on Italy vote concerns Feb 26th 2013, 04:21 TOKYO | Mon Feb 25, 2013 11:21pm EST TOKYO Feb 26 (Reuters) - The euro skidded to an almost seven-week low against the dollar in Asia on Tuesday, after political uncertainty following an Italian election rekindled fears about the euro zone's debt crisis. The euro fell as far as $1.3042, its lowest since Jan. 10. Italy's centre left won the lower house as widely expected, but projections by Italian media indicate no party or coalition will be able to form a majority in the upper house, or Senate.

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