US President Trump says he will have a meeting with Russian President Putin on Thursday or Friday; thinks they are getting close

Newsquawk Staff · 22 Jan 2026, 11:46 UTC

US President Trump says he will have a meeting with Russian President Putin on Thursday or Friday; thinks they are getting close.

What it means

President Trump's announcement of an upcoming meeting with President Putin suggests a potential thaw in US-Russia relations, which could influence market sentiment across various asset classes. This move may lead to greater stability in energy prices and commodities if resolutions on sanctions or cooperation materialize, while impacting risk appetite in equities and currencies. Traders should monitor market reactions in USD, EUR, and commodities like oil and gold, given the geopolitical context.

What our latest note said

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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Headlines that moved markets

FX headlines from our feed, and what the market did next.

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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