US President Trump, when asked how far he is willing to go to acquire Greenland, says "you'll find out"

Newsquawk Staff · 20 Jan 2026, 20:34 UTC

What it means

President Trump's ambiguous remark on acquiring Greenland introduces uncertainty regarding U.S. foreign policy, which could affect global markets. The implications for the USD and risk sentiment are significant, as such geopolitical maneuvers might provoke reactions across equities and commodities, particularly in safe-haven assets like gold. Market participants should remain alert to potential volatility stemming from any diplomatic shifts that arise from this statement.

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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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.
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