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ECB’s Villeroy: Inflation risk from trade tensions seems weak and could even be downward

News /
  • Inflation risk from trade tensions seems weak and could even be downward.
  • Inflationary risk from a few weeks ago has gone.
  • We are ready to act quickly depending on the data.
  • We are in a “very choppy sea”.
  • Agile pragmatism applies to the latest decision.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

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US Rubio: We need to determine whether it’s possible to end the war in Ukraine

News /
  • We need to determine whether it’s possible to end the war in Ukraine.
  • Talking about a matter of days to make that clear.
  • If not possible, the President will possibly say “we’re done”.
  • We need to determine quickly whether it’s doable.
  • If not possible, we have other priorities.
  • Had positive meetings on Thursday.
  • Hope to hear back from Ukrainians soon.
  • If it’s not possible to end the war in Ukraine, we need to move on.
  • There are a lot of other things going on in the world.
  • We recognise Ukraine wants to feel it will be able to defend itself.
  • We want to avoid thousands of people dying in the next year.
  • If both sides are serious about peace, then we want to help, otherwise we will move on.
  • We recognise European states have a stake in this.
  • If peace in Ukraine is not about to happen, we need to know now.
  • Spoke to Russia’s Lavrov on Thursday.
  • Wanted Russia to know France and UK were constructive.

This reads like an ultimatum. The US either closes a peace deal soon, or it will abandon the mission.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

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