EUR/USD begins the week on a lower note, down 0.30% as traders await the outcome of the meeting between US President Donald Trump and Ukraine's Volodymyr Zelenskiy, after the former met with his Russian counterpart Vladimir Putin last Friday. The pair trades at 1.1669 after hitting a daily high of 1.1715.
Positive news emerged from the meeting between Trump, Zelensky, and European leaders in the White House. Trump said that the day has been successful so far as Russia agreed to security guarantees, though in exchange for some territory. He answered German Chancellor Merz's demands about a ceasefire, that the last six conflicts that ended due to Washington's involvement were settled despite the lack of a truce.
Trump added that he would like to arrange a tri-lateral meeting with the US, Ukraine, and Russia.
A quick resolution of the war would be bullish for the Euro as the European Union (EU) is a major importer of energy products. This could stabilize Oil and Natural Gas products to the benefit of the whole bloc.
Aside from this, traders are also eyeing the release of the latest Federal Reserve (Fed) monetary policy minutes, along with the Fed Chair Jerome Powell's commencement speech at the Jackson Hole Symposium.
Across the pond, the EU's economic docket will feature the release of inflation figures in the EU, HCOB Flash PMIs for August, and Germany's Gross Domestic Product (GDP) figures.
Source: Fxstreet
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