The euro is at the highs of the day after Trump posted about a call with Putin where they agreed to visit each other and begin negotiations on an end to the Ukraine war.
EUR 1 hour
The tone of Trump’s comments were very warm and he said he agreed to visit Putin in Russia. That would be the first visit of a US President to Russia since 2009.
There is a broader improvement in risk appetite also unfolding, potentially on a deflationary peace dividend, presumably with Russian sanctions eased. Oil prices have also fallen by about $1 per barrel.