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. On the same line were the statements form New York Post suggesting, "The Pentagon’s chief spokesman (John Kirby) acknowledged Thursday that a Russian invasion of Ukraine “could be imminent,” but bristled at the suggestion that US military aid was taking too long to arrive in the Eastern European nation."
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
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.