Market Insider

It looks like the dollar won't be catching the euro quite yet

A cashier counts euro banknotes in Vilnius, Lithuania.
Ints Kalnins | Reuters

The euro looks set to put a pause in its post-U.S.-election drop.

"If the [euro] doesn't sell off on bad news, I think it's telling us something. I think it's going to correct higher," said Marc Chandler, global head of currency strategy at Brown Brothers Harriman.

The euro was near $1.072 on Monday, following a drop to a 20-month low of $1.0503 against the dollar overnight after Italians voted down a referendum that would have changed how their parliament works.