Euro, CEE Currencies to Rally if Summit Delivers Progress Towards Russia-Ukraine Ceasefire -- Market Talk

Dow Jones

08/15

0707 GMT - The euro and Central and Eastern European currencies couldrally if the Russia-U.S. summit delivers material progress in resolving the Russia-Ukraine conflict, Barclays analysts say in a note. The euro, Hungarian forint, Polish zloty and Czech koruna would benefit the most on any positive news given their sensitivities to supply-side oil shocks and the CEE's region's proximity to the conflict, they say. In contrast, the Swiss franc could fall on any progress towards a ceasefire due to its safe-haven status. The Norwegian krone and Brazilian real could also come under pressure as oil producers. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

August 15, 2025 03:07 ET (07:07 GMT)

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