Euro Looks Beyond Skeptics to Draghi: Chart of the Day
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The success of euroskeptic parties in the weekend’s European Parliament elections has barely registered as a blip on the shared currency’s radar.
The CHART OF THE DAY shows that in the two days following the May 25 announcement of the voting results, the euro traded in a range that’s narrower than its six-month average, a sign that politics is less significant to the market than European Central Bank monetary policy. ECB officials meet next on June 5.