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Euro wallows near lows, ECB Draghi speech awaited
The euro touched a fresh three-month low against the dollar on Monday as investors awaited comments from European Central Bank chief Mario Draghi and digested weekend elections in which critics of the European Union more than doubled their presence. Liquidity was likely to be thin during the rest of the global session, with UK markets shut for the Spring bank holiday and U.S. markets closed for Memorial Day. Eurosceptic nationalists scored stunning victories in European Parliament elections in France, Britain and Greece on Sunday, as voters registered discontent over immigration, austerity and unemployment. Draghi is ... (full story)