US House narrowly rejects resolution to limit President Trump's war powers in Venezuela

Newsquawk Staff · 22 Jan 2026, 22:54 UTC

US House narrowly rejects resolution to limit President Trump's war powers in Venezuela.

What it means

The US House's decision to narrowly reject a resolution limiting President Trump's war powers in Venezuela suggests continued uncertainty in US foreign policy, potentially impacting dollar strength and risk appetite. This outcome may support energy markets as geopolitical tensions often drive prices for oil and commodities higher, while also affecting equities depending on broader market sentiment and volatility in the region.

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US Market Open, 6 Nov, 10:48 UTC · what it led with

APAC stocks were pressured; KOSPI slumped 6% following hefty losses in Samsung and SK Hynix.
USD is firmer against all G10 peers awaiting the US NFP report.

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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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