Ukraine Peace Talks Help Lift Eastern European Currencies

Investors are buying eastern European assets as US-led negotiations to halt the war in Ukraine offered another opportunity to resolve the nearly four-year-old conflict.

Poland’s zloty, the Hungarian forint and the Czech koruna were among the world’s best performing emerging-market currencies on Monday. Meanwhile, Ukraine’s dollar bonds due in 2029 rose 3 cents to more than 72 cents on the dollar, the highest level since February.