US yet to verify pull back of Russian troops, yet risk-on ahead of European open By ross_burland RussianFederation USDJPY UnitedKingdom Politics
had already improved in New York trade and Biden's hawkish rhetoric did little to sway the consensus in markets that diplomacy can prevail.
Ukraine has also expressed scepticism about Russia’s statements of a pullback. “We won’t believe when we hear, we’ll believe when we see. When we see troops pulling out, we’ll believe in de-escalation,” Ukrainian Foreign Minister Dmytro Kuleba said. European markets will be acting on headlines related intelligence that may or may not show any actual evidence of a reduction of Russian military presence on the borders of Ukraine, the latter a catalyst for yet further risk-off.
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