Sunday, December 04, 2016

Euro slides to 20-month low as Renzi concedes referendum defeat

The euro fell to the lowest level since March 2015 as Italian Prime Minister Matteo Renzi said he will resign after conceding defeat in the nation’s constitutional referendum.

The single currency slid the most since the aftermath of Britain’s European Union referendum. Higher-yielding currencies such as the Aussie and and kiwi dollars also retreated ....