The euro extended losses in Asian trade Tuesday as political uncertainty in Italy stoked fresh fears about the Eurozone.          

Italy, one of the European Union's biggest economies, has been plunged into crisis after President.

Sergio Mattarella at the weekend vetoed the new government's nomination of a fierce Eurosceptic as economy minister.

The move led the country's prime minister-elect to step down, meaning the collapse of a bid by the populist Five Star Movement and the far-right League to form a government.

APP