US State Department: There are reports that Russia is considering significant military action against Ukraine

Early Monday morning in Asia, the US State Department released a slew of statements/orders confirming fears of Russian invasion of Ukraine.

Key quotes

The voluntary departure of US Direct Hire Personnel has been approved, and qualified family members have been instructed to leave the embassy in Kyiv.

Due to growing fears of Russian military intervention and Covid-19, we advise against traveling to Ukraine.

FX implications

Although the news should ideally drown antipodeans and commodities, prices of AUD/USD, NZD/USD and gold have largely been unaffected by the news. However, WTI crude oil seems to benefit from the fears of supply outage, up 0.60% intraday near $85.15 by the press time.

Read: Russia/Ukraine tensions rising: British gov says it has uncovered a plot by Moscow to install a pro-Russian leader in Kiev