Netherlands International: US-Russia summit expected to have some impact on the euro

Francesco Pesole, an analyst at ING, said in a note that Friday's summit between US President Donald Trump and Russian President Vladimir Putin on the Russia-Ukraine conflict could have an impact on the euro. "If a ceasefire is achieved in the coming weeks, the euro could perform well, mainly against the dollar, yen and Swiss franc." Hopes of a truce with Russia and Ukraine have sent crude prices lower since early August. However, he said considerable uncertainty surrounding the outcome of the negotiations and the recent reduced sensitivity of the G-10 currency to the Ukraine conflict could limit any impact on the euro.