The euro fell to a 10-month-low Thursday in Asian trade as fears about the eurozone economy were stoked by a senior Chinese central bank official saying the debt problem there could be much worse. The unit dropped below 1.33 dollars for the first time since May 7 last year, hitting an intraday low of 1.3283 dollars. Dealers were absorbing comments by Zhu Min, deputy governor of the People's Bank of China, in which he called the Greek debt crisis the tip of the iceberg, Dow Jones Newswires reported. That provided 'already edgy players with the latest reason to sell into the euro downtrend', said Hideaki Inoue, chief manager of forex and financial products trading at Mitsubishi UFJ Trust and Banking. The comment accelerated the fall of the single currency, although it later picked up slightly to 1.3335 dollars, from 1.3315 dollars in New York Wednesday. Against the yen, the euro fell to 122.39 yen, from 122.88. Meanwhile heavy selling from Japanese exporters depressed the dollar, which stood at 92.04 yen in afternoon trade, compared with 92.24 yen in New York Wednesday. Zhu's remarks added to growing worries over broader European fiscal woes after Fitch Ratings downgraded Portugal's credit rating overnight, Inoue said, adding that the euro could drop further later in the day. The euro has been under pressure due to speculation that the European Union, which starts a summit later Thursday, might ask the International Monetary Fund to help bail out Greece in a sign of European weakness. Profit-taking hurt the dollar, traders said. Japanese exporters routinely dump the currency at this time of year as they repatriate foreign earnings before the start of the country's new fiscal year on April 1. But the dollar's general upward momentum remains intact, with a rise to 95.00 yen possible by the middle of the year, Deutsche Bank senior currency analyst Koji Fukaya said. An expected recovery of the US economy and rising Treasury yields were providing support for the greenback, he said. The Bank of Japan's ultra-easy monetary stance could also encourage yen weakness, he added. Against regional currencies, the dollar rose to 1.4067 Singapore dollars from 1.4022 Wednesday, to 32.39 Thai baht from 32.35, to 1,142.30 South Korean won from 1,134.80, and to 9,138 Indonesian rupiah from 9,115. It was nearly flat at 45.62 Philippine pesos compared with 45.63 and at 31.77 Taiwan dollars compared with 31.79. 