Published by Mark AckroydThe multi-nation currency has slipped versus the US dollar in foreign exchange markets today (November 8th) to $1.3736.According to Bloomberg, this marked a 0.3 per cent decline on the level seen the previous day and came amid growing speculation about the future of Italian prime minister Silvio Berlusconi.Referring to the ongoing problems in Italy, Robert Rennie, Westpac Banking Corp's chief currency strategist in Sydney, said: "We're talking about the third-largest government bond market in the world going into a meltdown situation."He added that it seems analysts will "only be satisfied when Berlusconi resigns" as there are concerns about the threat of contagion in the eurozone.Meanwhile, the euro also moved lower against the Japanese currency this morning, hitting 107.27 yen.This follows comments made to Reuters earlier this week by strategist at ANZ in Sydney Grant Turley, suggesting that "it's not looking positive" for the 17-nation currency.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site