FX.co ★ Euro Firms after Ukraine Talks

The euro remained steady at 1.167% as markets focused on the upcoming symposium for central bankers and analyzed discussions in Washington regarding efforts to end Russia's conflict in Ukraine. NATO Secretary General Mark Rutte described the meeting between Trump, Zelenskiy, and European leaders as "very successful." Trump reported he had reached out to Putin to organize a meeting with Zelenskiy, potentially leading to a trilateral summit. In terms of monetary policy, expectations for the European Central Bank (ECB) interest rates remain unchanged, with no adjustments anticipated for September. In the United States, there is an 85% probability of a 25 basis point cut by the Federal Reserve during the September 16–17 meeting. Investors are keenly observing Federal Reserve Chair Jerome Powell's speech at the Jackson Hole conference for insights into the future direction of U.S. monetary policy.