JPMorgan sees Ukraine peace deal giving modest lift to currencies

LONDON, Feb 19 (Reuters) - A ceasefire or peace deal to end the war between Ukraine and Russia would be "net positive" for the currencies of nearby emerging economies, investment bank JPMorgan said on Wednesday.

Much of that boost, though, may already be factored in, it said in a research note.

JPMorgan added that it was keeping a neutral or "market weight" stance on Ukraine's government bonds until there was more clarity on the details of a peace deal.
"Even as a ceasefire appears closer, a likelihood of a sustainable peace deal acceptable to all sides remains a question mark," the note said.