Deal made for Trump-Putin summit - Reuters

Joshua Gibson FXStreet

As reported by Reuters, A deal has been struck for an upcoming summit between US President Donald Trump and Russian President Vladimir Putin, and contenders for a 3rd-party meeting place are currently under consideration.

Key quotes

"Kremlin foreign policy aide Yuri Ushakov, speaking after Putin met U.S. National Security Adviser John Bolton in the Kremlin, said the summit would take place in a mutually convenient third country and that several more weeks were needed to prepare for it. Moscow and Washington will announce the time and place of the summit on Thursday. In Washington, Trump said their meeting likely would take place after a July 11-12 summit of NATO leaders he is due to attend.

Trump confirmed that Helsinki was a possible site. Other officials said the Russians were pushing for the summit to be in the Austrian capital of Vienna.

Trump listed Syria and Ukraine among the many subjects he said they would discuss. His list did not include warnings from U.S. intelligence officials that Russia will try to interfere in U.S. congressional elections in November. The two men last met in November on the sidelines of an Asia-Pacific summit in Vietnam. After those talks, Trump said he believed Putin’s denials Russia had meddled in the 2016 U.S. presidential election - remarks Trump later backed away from.

“It is entirely possible for a U.S.–Russia summit to be constructive, but I’m very concerned that after his recent performance at the G7 in Canada, President Trump will once again clash with our closest allies at the upcoming NATO summit, only to then engage in fawning photo ops with President Putin afterwards,” Democratic Senator Chris Coons said in a statement."

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

GBP/USD flirts with weekly highs in the Fed's aftermath

GBP/USD reversed early losses following the Federal Reserve decision to keep rates on hold and neared the 1.3360 level before shedding some ground. Focus shifts to Governor Kevin Warsh's speech, while the Bank of England will announce its monetary policy decision on Thursday.

EUR/USD extends rally pass 1.1450 on Fed's Warsh

EUR/USD trades at fresh weekly highs above 1.1450, following the Federal Reserve monetary policy decision to keep interest rates on hold. The statement showed policymakers remain confident in economic progress while blaming inflation on energy prices. The divided vote among officials put in doubt a September hike, leading to sharp US Dollar losses.

Gold hovers around $4,100 as Fed decision hits the USD

Gold surged following the Federal Reserve's decision to keep the benchmark interest rate unchanged at 3.50%-3.75%. Policymakers noted that inflation remains elevated and that economic activity is expanding at a solid pace despite elevated uncertainty, spurring doubts about a rate hike in September. XAU/USD peaked above $4,100, now battling to retain the level.

Bitcoin slips below support, Ethereum and XRP flash bearish signals

Bitcoin, Ethereum and Ripple remain under pressure on Wednesday after a mild correction earlier this week. BTC slips below a key support zone, and ETH is testing a key resistance zone. Meanwhile, XRP is drifting toward the psychologically important $1.00 support level.

How the CLARITY Act unlocks Wall Street’s tokenization pipeline

The United States (US) Digital Asset Market Clarity Act (CLARITY Act), awaiting a full Senate floor vote, promises to unlock Wall Street’s potential to tokenize financial assets, including equities, US Treasuries, private credit, real estate and commodities at a scale that could supercharge the real-world asset (RWA) market from the current $17 billion level to $5.5 trillion by 2030, according to

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.