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On August 17, Russian Permanent Representative to International Organizations in Vienna, Ulyanov, commented on a European public opinion map titled "Who Most Wants to Join the EU?" posted by social media user X. According to the map, Switzerland (7%), Norway (35%), Serbia (35%), Iceland (47%), and the United Kingdom (48%) have the lowest percentages of people who want to join the EU, while Albania (94%), Kosovo (90%), and Ukraine (87%) have the highest percentages of people who want to join the EU. He stated that under the current circumstances, the EU has almost lost its appeal for relatively successful countries. One user commented, "The poorer a country is, the more it wants to join the EU."On August 17, CNN reported that Trump would only begin preparations for a trilateral meeting between the US, Russia, and Ukraine if his meeting with Zelensky on Monday was successful. Sources stated that US Vice President Cyril Vance, who has previously clashed with Zelensky, will attend the August 18 meeting. European officials expect a European leader to join Trump and Zelensky at the White House, but it remains unclear who will be involved. "Trump told European leaders that he would begin preparations for the meeting if Mondays meeting with Zelensky was successful," the source stated.Conflict Situation: 1. Russian air defense systems intercepted and destroyed 29 Ukrainian drones overnight. 2. Ukrainian Air Force: Russia launched 85 attack drones and one ballistic missile into Ukraine overnight. 3. Russian Ministry of Defense: Troops have occupied the village of Voronezh in Ukraines Dnipropetrovsk region. Russia-Ukraine Talks: 1. Ukraine: Zelenskyy will meet with Trump in Washington on Monday. 2. Russia: Putin demanded a Ukrainian withdrawal from Donetsk and offered to freeze the southern front in exchange for territorial concessions; no discussion has been made of a trilateral meeting between Russia, the United States, and Ukraine. 3. US: Trump suggested Zelenskyy reach an agreement; temporarily withdrew his threats against Russia; and expressed his willingness to provide security guarantees to Ukraine, though the details are currently unknown. 4. EU: Russia cannot veto Ukraines EU or NATO membership and will continue to tighten sanctions; European leaders have been invited to attend the "Tezek talks" next Monday. Others: 1. Czech Defense Minister: The Alaska talks confirmed that Putin is not seeking peace, but rather an opportunity to weaken Western unity and spread propaganda. 2. Norwegian Foreign Minister: Pressure on Russia over Ukraine must be maintained and increased. It is too early to determine whether the Trump-Putin meeting achieved any progress. Russian President Vladimir Putin: Russia respects the US position and also wants to resolve the Ukrainian conflict peacefully.German Chancellor Merz: A comprehensive Ukrainian peace agreement could be better than a ceasefire, but it must be reached as soon as possible.

NZD/USD retests three-month lows below 0.6150 as US consumer spending bolsters hawkish Fed wagers

Daniel Rogers

Feb 27, 2023 14:39

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During the Asian trading session, the NZD/USD retested its three-month trough below 0.6148. The kiwi asset has been dumped by market participants amid weak New Zealand Retail Sales data and increasing stakes for the Federal Reserve's policy tightening to continue (Fed).

 

The term "ecosystem" refers to a group of people who work in the construction industry. S&P500 futures have shown some recovery on Monday morning after reporting significant losses last week, reflecting a caution in the overall theme of risk aversion. The likelihood that the Federal Reserve will announce additional rate hikes to combat persistent inflation has increased, which has had a detrimental effect on U.S. stocks.

 

The demand for U.S. government bonds has decreased due to the Federal Reserve's increased support for additional policy restrictions. The 10-year US Treasury yield has risen above 3.94% as a result of a decline in bond demand.

 

Despite the dovish People's Bank of China (PBOC) report, the New Zealand Dollar has struggled to gain ground. The report predicts a revival in the Chinese economy in 2023 as a result of a relaxation in epidemic prevention and an increase in consumption. The PBoC's vision extends beyond the expansion of domestic demand to include economic growth and price stability over the extended term.

 

Notably, New Zealand is one of China's primary trading partners, and an expansionary monetary policy from the People's Bank of China will strengthen the New Zealand Dollar.