US President Biden eyes additional macroeconomic help for Ukraine as Russian invasion looms

Anil Panchal FXStreet

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

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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