A Kremlin spokesperson said on Monday that there were no concrete plans yet for a meeting between Russian President Vladimir Putin and US President Joe Biden, as reported by Reuters.

"US and Russian presidents can decide to set up a call or a meeting at any moment if necessary," the spokesperson added. "A meeting between Russian and US foreign ministers is possible this week."

Market reaction

This headline seems to be causing the market mood to sour slightly. The EUR/USD pair, which climbed to 1.1380 earlier in the session, was last seen trading at 1.1365, where it was still up 0.4% on a daily basis.