Euro rallies on hopes for peace in Ukraine after Trump-Putin call

The euro is at the highs of the day after Trump posted about a call with Putin where they agreed to visit each other and begin negotiations on an end to the Ukraine war.

The tone of Trump’s comments were very warm and he said he agreed to visit Putin in Russia. That would be the first visit of a US President to Russia since 2009.

There is a broader improvement in risk appetite also unfolding, potentially on a deflationary peace dividend, presumably with Russian sanctions eased. Oil prices have also fallen by about $1 per barrel.

This article was written by Adam Button at www.forexlive.com.