13 February 2025
President Donald Trump agreed in a phone call with Russian President Vladimir Putin to start negotiating an end to the war in Ukraine, sweeping aside three years of US policy and blindsiding European allies who feared the more conciliatory American stance amounted to a giveaway to the Russian leader.
The euro rose and European stocks rallied to a record on optimism that US-Russia talks could end the Ukraine war.
The combined currency climbed as much as 0.6%, extending its longest winning streak this year as prospects for an end to the conflict boosted appetite for riskier assets. The dollar retreated, oil fell further on speculation that risks to Russian supply may ease, and Ukraine dollar bonds rose the most among emerging-market peers. The Opening
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