Ukraine-Russia resolution hopes lift EUR ahead of Q4 GDP figures
Hopes for a resolution to the Russia-Ukraine war can maybe explain the move higher in the euro on Thursday.
Optimism remains tempered, however, with investors cognizant that as far as any deal on an end to the conflict is concerned, the devil will be in the details.
The reaction from European leaders to the news has also been less than favourable, and it remains to be seen to what extent Europe will be included in any negotiations.
Revised fourth quarter GDP figures will be released this morning, though no change is expected from the initial estimate.
In the absence of any surprises here, attention will be firmly on the Trump administration, as investors continue to gauge the possible economic implications of the Republicans tariffs.
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