BBC: If Russia-US Summit Achieves Substantial Progress in Resolving Russia-Ukraine Conflict, Euro and Eastern European Currencies May Rise
Glorion 8 August | According to a report by BBC analysts, if the Russia-US summit achieves substantial progress in resolving the Russia-Ukraine conflict, the euro and eastern European currencies m
Glorion 8 August | According to a report by BBC analysts, if the Russia-US summit achieves substantial progress in resolving the Russia-Ukraine conflict, the euro and eastern European currencies may strengthen. They suggest that the euro, Hungarian forint, Polish zloty, and Czech koruna would benefit most from any positive news, as these currencies are highly sensitive to supply-side shocks related to oil prices and are located near the conflict zone. In contrast, if progress is made towards a ceasefire, the Swiss franc may decline due to its safe-haven status. The Norwegian krone and Brazilian real may also come under pressure due to their oil-producing country identities.
