Photographer: Simon Dawson/Bloomberg

Euro's Record Surge Pauses as Draghi Set for Jackson Hole: Chart

The euro’s rally this year has faltered recently after its surge to a 2 1/2-year high of $1.1910 sparked speculation that European Central Bank President Mario Draghi may be concerned that the currency’s strength will weigh down the European economy. The currency’s 12 percent rally so far this year is without precedent for the common currency since it started trading in 1999. Draghi will be among the officials addressing this year’s Jackson Hole summit, which comes as central banks in advanced economies creep toward the policy exit after years of unprecedented easing.

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