LONDON, May 23 (Reuters) - The euro took another leg down against the Swiss franc on Wednesday, hitting a two-month low as political concerns in Italy weighed on sentiment.
The euro/Swiss franc fell 0.3 percent to 1.1616 francs per euro, its lowest level since March. 23.
The currency pair, a proxy for risk appetite within Europe, has fallen nearly 3 percent since May. 14 as concerns of a fiscally profligate new coalition government in Rome has raised concerns of a showdown with the European Union.
The likelihood of a government comprised of the anti-establishment 5-Star Movement and the far-right League has pushed Italian 10-year yields up nearly 60 basis points since the start of May. The bulk of that move has been over the past week. (Reporting by Saikat Chatterjee; Editing by Dhara Ranasinghe)
