“Omicron is here and going to start spreading more rapidly”, said US President Joe Biden crossed wires while speaking from Roosevelt Room in the White House.

US President Biden adds “It's past time for people to get booster shots, which they should do as quickly as possible.”

US looking at a winter of severe illness and death for those not vaccinated against COVID-19.

It’s worth noting that the UK reported, unfortunately, another day of record-breaking covid infections with a daily count of 88,376 new coronavirus cases.

FX implications

Omicron fears probe the major central banks’ that have recently tightened their monetary policy stance, which in turn challenge optimists.

Read: Forex Today: Central banks’ marathon coming to an end