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Barclays: If the Russia-U.S. summit makes progress, the euro and currencies of Central and Eastern Europe will rise.
Jin10 data, August 15 - Barclays analysts said in a report that if the Russia-U.S. summit makes substantial progress in resolving the Russia-Ukraine conflict, the euro and Central and Eastern European currencies could strengthen. They stated that the euro, Hungarian forint, Polish zloty, and Czech koruna would benefit the most from any Favourable Information, as these currencies are very sensitive to oil supply shocks and the Central and Eastern European region is close to the conflict area. In contrast, due to the safe-haven status of the Swiss franc, if progress is made towards a ceasefire, the Swiss franc may fall. The Norwegian krone and Brazilian real may also come under pressure due to their identification as oil-producing countries.