Russia's memo reportedly sees a return to USD system in pitch to US President Trump; also reportedly sees joint plans in energy, minerals and fossil fuels

• Unclear if the proposals have been formally presented to the US.

This headline suggests that Russia is proposing a return to a USD-based system, potentially impacting forex markets as the USD could regain prominence over other currencies. The mention of joint plans in energy and minerals could signal shifts in global supply dynamics, influencing commodity prices such as oil and metals amid potential geopolitical negotiations. However, the uncertainty around whether these proposals have been formally presented to the U.S. adds a layer of ambiguity to the market's reaction.