🇷🇺 🇺🇦🇪🇺 Barclays analysts stated in a report that if the Russian-American summit achieves substantial progress in resolving the Russo-Ukrainian conflict, the euro and currencies of Eastern Europe could strengthen. They indicated that the euro, the Hungarian forint, the Polish zloty, and the Czech koruna would benefit the most from any positive information, as these currencies are highly sensitive to supply-side oil shocks, and the Eastern European region is close to the conflict zone. In contrast, due to the safe-haven position of the Swiss franc, if progress were made towards a ceasefire, the Swiss franc could drop. The Norwegian krone and the Brazilian real could also be under pressure due to their identification as oil-producing countries.
