09:02
Netherlands International: The US-Russia summit is expected to have a certain impact on the euro.
On August 11, Jin10 reported that Francesco Pesole, an analyst at ING, stated in a report that the summit held on Friday between U.S. President Trump and Russian President Putin regarding the Russia-Ukraine conflict could impact the euro. "If a ceasefire is achieved in the coming weeks, the euro may perform well, particularly against the U.S. dollar, Japanese yen, and Swiss franc." Since early August, hopes for a Russia-Ukraine truce have led to a drop in oil prices. However, he noted that considerable uncertainty surrounds the outcome of the negotiations, and the recent decrease in G-10 currencies' sensitivity to the Ukraine conflict could limit any impact on the euro.
TRUMP-4.74%