EUR/CHF retreats as traders eye Trump-Zelenskyy talks

EUR/CHF attracts sellers on Monday with the cross trading near 0.9430, down around 0.10%.
Safe-haven demand boosts the Swiss Franc ahead of the Trump–Zelenskyy meeting at the White House later on Monday.
Top European leaders, including Macron, Merz, and Von der Leyen, will attend the summit focused on Ukraine security guarantees.

Vishal Chaturvedi FXStreet

The Euro (EUR) struggles to gain traction against the Swiss Franc (CHF) at the start of the week, with EUR/CHF retreating modestly from last week’s high of 0.9446, its strongest level since April 25. The pullback comes as the Euro softens against major peers, while the Swiss Franc benefits from renewed safe-haven demand ahead of a high-stakes meeting between US President Donald Trump and Ukrainian President Volodymyr Zelenskyy later on Monday.

At the time of writing, the EUR/CHF cross is trading near 0.9430 during the American session, down around 0.10% on the day. Despite the modest decline, the pair remains within a familiar range, with traders refraining from aggressive positioning ahead of fresh geopolitical cues.

The Trump-Zelenskyy summit, scheduled to take place at the White House at 17:15 GMT, will also be attended by key European leaders, including French President Emmanuel Macron, German Chancellor Friedrich Merz, European Commission President Ursula von der Leyen, and UK Prime Minister Keir Starmer. The multilateral meeting is expected to begin at 19:00 GMT, with discussions focused on security guarantees for Ukraine following last week’s inconclusive Trump-Putin talks in Alaska. Markets remain wary of potential escalation if the talks fail to deliver a diplomatic breakthrough.

Earlier on Monday, Switzerland’s Q2 Industrial Production figures surprised to the downside, showing a year-over-year contraction of 0.1%, sharply lower than the revised 8.9% growth recorded in Q1. The decline was driven by notable drops in energy supply and construction, while manufacturing output moderated significantly. Despite the weak print, the Franc remains underpinned by geopolitical risk appetite rather than domestic fundamentals.

Adding to the Euro’s subdued tone, last week’s Eurozone Industrial Production data signaled renewed weakness in the region’s manufacturing sector. Monthly output dropped 1.3% in June, steeper than the expected 1.0% decline and reversing a 1.1% gain in May. On a yearly basis, production slowed sharply to 0.2%, well below the 1.7% consensus and down from 3.1% previously.

Author

Vishal Chaturvedi

FXStreet

I am a macro-focused research analyst with over four years of experience covering forex and commodities market. I enjoy breaking down complex economic trends and turning them into clear, actionable insights that help traders stay ahead of the curve.

GBP/USD clings to gains near 1.3400

GBP/USD retreats after reaching a three-week high above 1.3430, challenging the 1.3400 yardstick on Thursday. Although easing political uncertainty in the UK helps the quid limit its downside, escalating tensions in the Middle East support the Greenback, keeping Cable under scrutiny.

EUR/USD: Daily gains appear capped by 1.1450

EUR/USD keeps the recovery in place and looks to consolidate its gains north of 1.1400 the figure at the end of the NA session on Thursday. The pair’s move higher appears in tandem with a modest pullback in the US Dollar despite geopolitical concerns in the Middle East remain unabated.

Gold flirts with two-day highs, approaches $4,130

Gold stages a modest rebound on Thursday, setting aside a three-day losing streak and managing to surpass the $4,100 mark per troy ounce. However, steady geopolitical tensions have revived concerns over persistently high global inflation, reinforcing expectations of higher rates across the board and somewhat curtailing the yellow metal’s upside potential.

AAVE eyes $100 after Stable Vaults launch

Aave edges higher above $90.00 at the time of writing on Thursday, amid broader price stabilization in the crypto market. The company has announced Stable Vaults, a platform that allows businesses to integrate fixed-rate stablecoin yield, mildly lifting sentiment in the ecosystem.

Japan may be changing its Yen strategy, but markets don’t look scared

Japan may be changing its intervention playbook, but that might not be enough to rescue the battered Yen. With USD/JPY hovering at four-decade highs, the currency’s weakness is being driven less by speculative pressure and more by a powerful structural force: the wide US-Japan rate gap.

Bye, forward guidance: How to trade when central banks choose silence

Central banks have spent years telling markets what might come next. Now, traders face the possibility that they say a lot less. From the Federal Reserve to the European Central Bank and the Bank of England, policymakers are pushing back against forward guidance.