Overview

• U.S. dollar gains traction as investors seek safe-haven assets due to stalled Russia-Ukraine peace talks and increased tariff threats from the Trump administration.
• Ukraine President Zelenskiy criticized U.S.-Russia negotiations for excluding Ukraine and postponed his Saudi Arabia visit, citing concerns over legitimacy.
• Russia hardened its stance in peace talks, demanding NATO retract its 2008 promise of future membership for Ukraine.
• The euro fell for a second day, erasing last week's gains spurred by earlier optimism for a peace deal, as U.S.-EU divisions on the conflict became apparent.
• The Reserve Bank of Australia and New Zealand both cut interest rates, with the Australian dollar flat and the New Zealand dollar steady ahead of further rate decisions.