Putin Pushes Back as Trump Warns on Ukraine Deal
US President Donald Trump said it is “possible” that Russian President Vladimir Putin does not want a peace deal to end the Ukraine war. His comments came as the Kremlin played down talk of any quick summit between Putin and Ukrainian President Volodymyr Zelenskyy.
Recent meetings in Washington with Trump, Zelenskyy, and European leaders did not lead to progress. Europe has been pressing for strong security guarantees for Ukraine, but Russia continues to reject any deal that involves NATO or US-backed terms.
European officials remain cautiously hopeful, while the US has suggested limited air support for Ukraine but ruled out sending troops. Possible summit locations like Hungary, Austria, or Switzerland are being discussed, but no agreement has been finalized.
Geopolitical tensions like the Russia-Ukraine war often drive traders toward safe-haven assets. With uncertainty rising, the US Dollar (USD) gained support in the Forex market as investors moved away from riskier assets. Pairs such as USD/JPY, EUR/USD, and USD/CHF are sensitive to this news.
If peace talks show progress, traders may shift back to risk currencies like the Euro (EUR) and British Pound (GBP), reducing safe-haven demand. For now, markets remain cautious, waiting to see whether real negotiations will happen.
Impact:
The US Dollar might stay strong as investors look for safety. If peace talks move forward, risk currencies could recover, bringing more volatility to major Forex pairs.