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On August 19, two people familiar with the matter said Trump called Russian President Vladimir Putin on Monday while Ukrainian President Volodymyr Zelenskyy and seven European leaders gathered at the White House. Trump said earlier on Monday that Putin looked forward to receiving his call after the White House talks. Trump said he hoped to arrange a trilateral summit with Putin and Zelenskyy as soon as possible, but Putin had not yet agreed to the idea. Trump took a break from his meeting with the Europeans to make the call.Ukrainian Air Force: Russian strategic bombers take off and may launch an attack on Ukraine.White House official: The meeting with European leaders in the East Wing has ended.On August 19th, a document revealed that as part of the agreement, Ukraine would commit to purchasing $100 billion worth of U.S. weapons with European funding, with the goal of securing U.S. security guarantees following a peace agreement with Russia. Under the proposals, Kyiv and Washington would also reach a $50 billion agreement to collaborate with Ukrainian companies on the production of drones. These companies have been pioneers in drone technology since the outbreak of the Russo-Ukrainian conflict in 2022. Four people familiar with the matter revealed that Ukraine shared its proposal for a new security agreement with the United States in a list of talking points with European allies ahead of a meeting with U.S. President Trump at the White House on Monday.Ukrainian presidential spokesman: The leaders talks have resumed.

Bulls in EUR / USD Have Taken Out Significant Lows, Dropping Below 1.0570 So Far

Alina Haynes

Mar 01, 2023 11:51

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On Tuesday, the EUR / USD exchange rate hit a bottom of 1.0573, but that was not the only development. Early in the day, higher-than-expected French inflation figures drew investors to the Euro, driving short-term euro zone yields to their greatest levels in at least a decade. Then, at the start of the US trading session, the pair increased to 1.0645 as US data showed that, in contrast to several prior inflationary results, the Fed's rate rises were starting to have the intended impact.

 

According to ANZ Bank analysts, "Base effects from Russia's invasion of Ukraine last year should start to push annual inflation down from March, but the ECB will be mainly worried with consecutive monthly inflation rises." Inflation statistics for Germany and the euro zone will be released soon, giving the Governing Council meeting in March a more comprehensive inflation picture.

 

Unexpectedly, the US Consumer Sentiment dropped in February, dropping from 106 in January to 102.9, far below the anticipated 108.5. The US Dollar suffered as a result. In addition, the Chicago PMI business poll for February came in lower than expected, and the S&P CoreLogic Case Shiller national house price index rose only 5.8% year over year and dropped 0.5% in December.

 

Expectations regarding the Fed's interest rate policy will be heavily influenced by the US Nonfarm Payrolls employment statistics for February, which will be published on March 10, and the Consumer Price Index, which will be released on March 14. The ISM manufacturing PMI will likely continue to represent the sector's fragility in February (market expectation: 45.5), according to analysts at Westpac, and the final assessment of the S&P Global manufacturing PMI will probably support this as well. "Weaker demand is expected to keep construction spending down in January (market consensus: 0.2%);" Neel Kashkari, president of the Minneapolis Federal Reserve, will also speak.


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