Trump admin official says finding a "way to align closer with Russia" could create "a different power balance with China that could be very, very beneficial", Politico reports

Trump admin official says finding a "way to align closer with Russia" could create "a different power balance with China that could be very, very beneficial", Politico reports.

This statement suggests a potential shift in U.S. foreign policy, which could lead to a realignment of global power dynamics. If the U.S. were to strengthen ties with Russia, it could create competitive pressures on China, impacting various assets, including currencies and commodities, especially those sensitive to geopolitical tensions. Traders should monitor how this may influence risk sentiment and the positioning of the USD against its peers.