EUR/USD
1.17858
0.110%
Gold
5096.86
2.005%
Oil
66.320
-0.480%
USD/JPY
155.059
0.041%
GBP/USD
1.34890
0.196%
GBP/JPY
209.162
0.248%
Real-time News
February 22 – According to the Ukrainian National News Agency, U.S. Presidential Envoy Vitkov stated in an interview with Fox News that Ukrainian and Russian delegations will hold a new round of negotiations within three weeks, potentially leading to a high-level summit. He said, “Kushner and I hope that some of the suggestions we have made to both sides will bring them together within the next three weeks, and may even lead to a summit between President Zelensky and President Putin. The summit could eventually evolve into a trilateral meeting, in which President Trump will also participate.” Vitkov indicated that Trump will only attend the meeting if he feels he can achieve the best possible outcome. Zelensky previously stated that the next round of peace talks should be held in Geneva within ten days.U.S. Presidential Envoy Witkov stated that a new round of peace talks on ending the war in Ukraine will be held within three weeks.On February 22nd, analyst Chao Deng stated that a forecast from the Yale University Budget Lab estimates that even with the new 15% tariffs, the current effective tariff rate in the United States remains lower than before the Supreme Court ruling. Before the ruling, the rate was 16%, immediately dropped to 9.1% after the ruling, and is now projected to rise back to 13.7%. It is currently unclear how the 2.3 percentage point decrease will affect employment, wage growth, and the prices of goods and services. In contrast, the effective tariff rate is projected to surge by more than 10 percentage points throughout 2025, reaching levels unseen in decades. The economic impact of this significant increase is far less severe than many economists predicted. However, the impact is not negligible. According to data from the Federal Reserve Bank of New York, U.S. businesses and consumers will bear more than 90% of the costs of Trumps tariffs for most of 2025, leading some businesses to freeze hiring and investment. Januarys inflation report showed price increases in several recently tariffed categories, including appliances, furniture, and new cars. This indicates that retailers are beginning to pass these costs on to consumers.Ukraine claims that Russia launched a large-scale missile and drone attack that struck Ukraines energy infrastructure.On February 22, the Afghan Ministry of Defense issued a statement saying that Pakistan had once again violated Afghan territory, launching airstrikes on multiple civilian areas in Nangarhar and Paktika provinces. The attacks resulted in dozens of civilian casualties, including women and children. The Ministry of Defense strongly condemned Pakistans blatant violation of Afghan territorial sovereignty, considering it a serious breach of international law and the principle of good neighborliness. The Ministry warned that it would respond appropriately and carefully at the right time.
