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Ukraine’s dollar bonds continue to march upwards as the US leads negotiations to halt the war in Ukraine. While an agreement palatable for Ukraine still faces hurdles, investors are reported to have been buying the region’s currencies, bonds and stocks on any sign of movement toward a resolution. After diplomatic activity over the weekend, US President Donald Trump signaled in a Truth Social post that the talks are likely making progress. At the same time, Ukraine suggested that key sticking points remained, including on territorial issues and the question of the country’s NATO membership. According to strategists, “Prospects of a peace deal in Ukraine are starting to show in currencies”. Poland’s zloty, the Hungarian forint and the Czech koruna were among the top performing emerging-market currencies yesterday, as per Bloomberg. An index of Ukrainian companies listed in Warsaw jumped the most since August, they noted.
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