Ukrainian President Zelensky says next meeting round of talks with Russia to occur in Switzerland; Ukraine and Russia "close to" having a document establishing how any ceasefire will be monitored

• US will have leadership in monitoring ceasefire, European representatives should also be involved.
• Can try to solve territorial question at leaders level.

The announcement of a forthcoming round of talks in Switzerland between Ukraine and Russia indicates a significant step towards potential peace efforts. This development could lead to a more stable geopolitical environment, impacting safe-haven assets like gold and influencing currency pairs such as USD/EUR and GBP/JPY, especially if monitored ceasefire agreements gain traction.