Euro at 11-month low

NEW YORK (Reuters) - The euro hit a fresh 11-month low against the dollar on Wednesday, one day before an important auction of long-dated Italian debt, while U.S. stocks fell about 1 percent on concerns about the economy in early 2012. Italy's strong sale of short-term bonds Wednesday morning initially brought some relief to European markets, but concerns about Thursday's more challenging auction eventually hurt market sentiment. U.S. stock indexes fell more than 1 percent in thin trading as investors feared what many expect to be a tough start to the year. ...