Envoys for US President Trump and Russian President Putin enter the "USA House" at Davos

Newsquawk Staff · 20 Jan 2026, 18:20 UTC

Envoys for US President Trump and Russian President Putin enter the "USA House" at Davos.

What it means

The entry of envoys for President Trump and President Putin into the "USA House" at Davos signifies a potential thaw or escalation in U.S.-Russia relations, which could have broad implications for markets. Traders should monitor how this engagement influences risk sentiment and the response in currencies like the USD and EUR, as well as commodities like oil and gold, which often react to geopolitical tensions and diplomatic shifts.

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EU Market Open, 9 Nov, 06:36 UTC · what it led with

US President Trump said it is highly unlikely the US will need to resume military action against Iran if negotiations progress, while Secretary of State Rubio said talks have been unproductive.
DXY consolidated after Friday's jobs-driven upside; Antipodeans outperformed, with the NZD aided by the weekend's election result.

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Iranian President Pezeshkian says the Supreme Leader has granted the government some authority on dialogue, ISNA reports.
EUR/USD+0.1%
ECB policymakers see a December rate hike followed by a pause; New ECB staff estimates show the rise in bond yields cutting growth by a cumulative 100bps and inflation by 90bps in 2027-28 vs the September baseline, according to reports, citing sources.
EUR/USD−0.1%
ECB President Lagarde (Q&A) says policymakers believe they are in a good position to wait for incoming information. The situation they are in could have warranted a hike.
EUR/USD+0.1%

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