US Secretary of State Antony Blinken said in an interview with ABC News, he “is convinced the goal of the Russian invasion is regime change in Ukraine.”

Meanwhile, markets await Russia’s expected large bombardment on Kyiv at 0100GMT, per CNN, citing intelligence.

Market implications

The Asian markets are on a recovery mode, tracking the positive close on Wall Street overnight but looming Russian risks could derail the renewed upside.

The US dollar index is consolidating the sharp pullback from yearly highs of 97.74, currently trading at 97.05.