Ukraine's capital Kyiv is reportedly under Russian attack, with explosions sounding in the city, according to reports citing its mayor Klitschko

The reports of explosions in Kyiv signal a significant escalation in the Ukraine conflict, which may lead to heightened market volatility. This situation typically supports safe-haven assets like gold and the USD, while potentially pressuring risk-sensitive currencies and commodities. Traders should be cautious of immediate price fluctuations and consider the broader implications for energy supplies and European markets.