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US will commit to supporting Ukraine in the scenario of a future Russian attack, Bloomberg reports citing a draft statement

The US's commitment to support Ukraine in light of potential future Russian aggression signals a reinforcement of geopolitical tensions, which could impact markets significantly.

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US will commit to supporting Ukraine in the scenario of a future Russian attack, Bloomberg reports citing a draft statement

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  • European and Canadian leaders are expected to back a multinational force for Ukraine, the US will reportedly also partake in this.
Context

This scenario may bolster safe-haven assets such as gold and the US dollar while introducing volatility in energy markets, particularly oil and natural gas, given Europe's reliance on Russian supplies. Traders should consider the implications for risk sentiment and how these developments might shift positioning in FX and commodities.

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