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Euro Steady on European Election Results, But for How Long?
EURUSD and EURCHF edged cautiously higher early into Monday’s trading session as exit polls from the European Parliament elections began to cross the wires. The modest gains may be the result of reports showing center parties performing better than expected. However, it is worth noting that they are not doing well by historical standards. The European Parliament will likely show greater fragmentation this year than ever before. Exit polls have the European People’s Party (EPP) and the Progressive Alliance of Socialists and Democrats (S&D) still occupying the first and second-most seats in parliament, ... (full story)