- US President Biden eyes additional macroeconomic help for Ukraine as Russian invasion looms
Market news
27 January 2022
US President Biden eyes additional macroeconomic help for Ukraine as Russian invasion looms
US President Joe Biden and his Ukrainian counterpart Volodymyr Oleksandrovych Zelenskyy talked about Russia on Thursday, per CNN. The news stated that Biden told Zelenskyy that a Russian invasion is now highly certain.
US President Biden also said that the US is looking into additional macroeconomic assistance for Ukraine.
Elsewhere, Biden pushes for a United Nations (UN) Security Council meeting on Monday to discuss the Russia-Ukraine issues. The US leader also reiterated his warning to Russia if it invades Ukraine.
FX implications
The news weighs on the riskier assets while keeping WTI crude oil prices afloat, around $86.80 at the latest.
Read: AUD/USD bears eye sub-0.7000 zone on strong USD ahead of US PCE Inflation
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page