Trump, Putin To Hold First Meeting On Friday

US President Trump will hold his first "full fledged" meeting with Russian President Putin on Friday, July 7 on the sidelines of the G20 summit in Hamburg, the Kremlin announced on Tuesday.

"A date has been agreed, the seventh of July" said Yuri Ushakov, Putin’s foreign policy advisor while Kremlin spokesman Dmitry Peskov specified it will not merely be a brief contact on the sidelines.

The meeting had been hinted at previously, although until today the Kremlin had said say that neither the timing nor an agenda had been agreed, reflecting - according to the FT - Moscow’s irritation at the uncertainty what to expect from Mr Trump.

Russian foreign policy officials said on Monday that the two president plan to discuss Syria, Ukraine and terrorism. Russia also sees the need to discuss bilateral issues, disarmament, dispute over Russian diplomatic property seized by US in December in Maryland and near New York. While North Korea is not scheduled to be a topic, after the overnight launch of the country's first ICBM that may change in the days to come.

According to Citi's FX desk, the meeting "adds to headline risk on Friday, and makes for an exciting ride - other bilateral meetings will be taking place as the G20 Summit begins. But for USD, we also have the July 2017 Monetary Policy Report release in advance of Yellen's Humphrey Hawkins testimony and of course, it's payrolls."

And while we doubt anything substantial will be decided during the meeting, many are already looking to the day's main event: what will the handshake between the two world leaders look like: