US President Joe Biden crossed wires, via Reuters, during a press conference on Wednesday night while speaking on various matters starting from Russia-Ukraine to China, oil and then to inflation.
The US leader initially warned Russia not to invade Ukraine and if they do, “Russia's banks won't be able to deal in dollars,” said US President Biden.
Additional comments
We're not returning to lockdowns. We are moving towards time when covid won't disrupt daily life.
It is appropriate for fed to recalibrate support for the economy now that it's necessary.
The best thing to tackle high prices is a more productive economy. We must fix the supply chain.
Wherever possible, we will continue to enforce competition laws.
Inflation must be brought under control.
We are confident that we will be able to get parts of the build back better bill signed into law.
Putin has never seen sanctions like the ones I'm promising.
Russia will be held accountable if it invades, it will be disaster for Russia if they further invade Ukraine.
Costs to Russia will be heavy and consequential.
The situation on Russia energy supply not a one-way street.
I don't think Putin wants any full-blown war.
Ukraine joining NATO in the new term is unlikely.
The US and Ukraine might work out a deal on whether the west should place strategic weapons in Ukraine.
It's clear we will probably have to break up the build-back better bill into individual portions.
I believe Russia will move in on Ukraine.
We have made progress on speeding up access to materials.
Passing USICA chips bill will ease long-term inflation.
We will continue to work on trying to increase oil supplies.
My trade representatives working on China tariffs, uncertain whether its time to lift tariffs on Chinese imports.
We are not yet in a position to lift some of china's tariffs.
China is not meeting its purchase commitments and be able to lift some tariffs, but we're not there yet.
Russia sanctions will also affect US and Europe economies.
It is not time to give up on Iran talks. Some progress being made on Iran nuclear talks.
I am pleased with how this government has handled COVID-19.
Given the strength of our economy and pace of recent price increases, it’s appropriate — as Fed Chairman Powell has indicated — to recalibrate the support that is now necessary.
FX implications
Market sentiment turned sour and the Antipodeans adhered to the consolidation of recent gains as US President Joe Biden signals Fed rate hike, Sino-American tussles and geopolitical hardships.
Read: S&P 500 dips again after failing to reclaim 4600 level, now down more than 4.0% on the year
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
AUD/USD corrects toward 0.6850, awaits US PCE Price Index
AUD/USD is falling back toward 0.6850 in Friday's Asian trading, reversing from near 19-month peak. A tepid US Dollar bounce drags the pair lower but the downside appears called by the latest Chinese stimulus measures, which boost risk sentiment ahead of US PCE data.
USD/JPY pares gains toward 145.00 after Tokyo CPI inflation data
USD/JPY is paring back gains to head toward 145.00 in the Asian session on Friday, as Tokyo CPI inflation data keep hopes of BoJ rate hikes alive. However, intensifying risk flows on China's policy optimism support the pair's renewed upside. The focus shifts to the US PCE inflation data.
Gold price consolidates below record high as traders await US PCE Price Index
Gold price climbed to a fresh all-time peak on Thursday amid dovish Fed expectations. The USD languished near the YTD low and shrugged off Thursday’s upbeat US data. The upbeat market mood caps the XAU/USD ahead of the key US PCE Price Index.
Avalanche rallies following launch of incentive program for developers
Avalanche announced the launch of Retro9000 on Thursday as part of its larger Avalanche9000 upgrade. Retro9000 is a program designed to support developers with up to $40 million in grants for building on the Avalanche testnet.
RBA widely expected to keep key interest rate unchanged amid persisting price pressures
The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.
Five best Forex brokers in 2024
VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals.