High-Stakes Talks in Saudi Arabia
Today, US and Ukrainian officials are set to meet in Jeddah, Saudi Arabia, marking the most senior-level discussions since the disastrous February 28th meeting between Donald Trump and Volodymyr Zelenskyy at the White House. US Secretary of State Marco Rubio will lead the American delegation, with markets closely watching for any diplomatic breakthroughs.
Ukraine Strikes Moscow Ahead of Negotiations
Overnight, Ukraine launched an attack on Moscow, adding a fresh layer of geopolitical tension just hours before negotiations begin. This has already sparked volatility in the currency markets, with traders reacting to the latest developments.
Limited Economic Data on the Calendar
From a data perspective, today is relatively quiet. The only notable release will be the US JOLTS job openings report, set for release this afternoon. While not a major market mover, it provides insight into the US labour market and could influence expectations around Federal Reserve policy.
Market Outlook: Expect Volatility
With ongoing geopolitical tensions and limited economic data, market sentiment will likely be driven by developments in the US-Ukraine talks. If you’re looking to navigate currency market fluctuations or capitalise on opportunities, our Qumoney experts are here to help.