The euro weakens slightly against the U.S. dollar on Monday. Investors closely monitored ongoing developments in potential Ukraine peace talks. Concerns over U.S. tariffs also influenced market sentiment.
Officials from the U.S. and Russia will meet in Saudi Arabia this week. These discussions could serve as groundwork for future peace negotiations on Ukraine. Media reports suggest that this might pave the way for a meeting between former U.S. President Donald Trump and Russian leader Vladimir Putin.
However, Ukraine was not invited to these talks. President Volodymyr Zelenskiy has expressed concerns about Kyiv’s exclusion. Meanwhile, European allies fear that they might be left out of future negotiations. In response, French President Emmanuel Macron has scheduled an emergency summit of European leaders in Paris.
Another key focus for investors is the risk of U.S. tariffs on European businesses. President Trump has previously threatened to impose sweeping trade duties. However, the next major decision on tariffs is not expected until April. While immediate risks appear low, uncertainty remains. Markets worry that new duties could be linked to value-added tax policies worldwide.
Despite currency weakness, European stock markets performed strongly. Defense stocks surged as investors anticipated increased government spending on security. Bond yields across Europe also climbed higher, driven by expectations of higher fiscal expenditures.
By 07:52 ET (12:52 GMT), the euro had slipped by 0.1% against the U.S. dollar, trading at $1.0472.
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Euro weakens as investors watch Ukraine peace talks and U.S. tariff risks. Market concerns drive currency movements.
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