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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
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Netherlands International: The US-Russia summit is expected to have a certain impact on the euro.
Jin10 data August 11, analysts at ING, Francesco Pesole, stated in a report that the summit between U.S. President Trump and Russian President Putin on Friday regarding the Russia-Ukraine conflict may impact the euro. "If a ceasefire is achieved in the coming weeks, the euro may perform well, mainly against the U.S. dollar, Japanese yen, and Swiss franc." Since early August, hopes for a ceasefire between Russia and Ukraine have led to a drop in oil prices. However, he noted that significant uncertainty surrounding the negotiation results, as well as a recent decrease in the sensitivity of G-10 currencies to the Ukraine conflict, may limit any impact on the euro.