How Omicron’s Arrival in China will Affect Forex Markets

Posted by Zoltán Tűndik December 20, 2021

 

By James Bay, Customer Service Director at STICPAY

“With the arrival of Omicron in China we can expect to see more disruption to the global supply chain, which will lead to an increase in the inflationary pressures already being experienced around the world.

“China has, to date, taken a zero-Covid response to the virus and there is no reason to suppose the government will react differently to this variant.

“Increasing inflation in the US, UK and Eurozone countries, will place increased pressure on central banks to raise interest rates in the New Year and that could have a knock-on effect on Forex Markets.”

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Zoltán Tűndik
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Zoltán is a self-taught publisher and events organizer who has developed several brands and services that have increased the notoriety of his company within multi-billion dollar industries. In 2018, he has become a TEDx speaker and talked about reputation management in the digital era. As Co-Founder of HIPTHER Agency, Zoltan has helped develop highly respected online news portals, virtual and in-person conferences that cater to multiple industries on 5 continents. Among the developed brands and services you can find online news portals that cover several tech industries, gaming, blockchain, fintech, artificial intelligence, and more. In parallel, the company has built a portfolio of annually organized boutique-style conferences in Europe and North America. All the events organized by his company focus on bringing a wealth of information about the latest innovation in several industries such as Entertainment, Technology, Gaming and Gambling, Blockchain, Artificial Intelligence, Fintech, Quantum Technology, Legal Cannabis, Health and Lifestyle, VR/AR, eSports and many more. Zoltan enjoys writing articles on all portals owned by the HIPTHER Agency, talking at conferences, hosting the weekly HIPTHER Talks Podcast, and loves spending time with his family. Zoltan is a duathlete who enjoys training for different international competitions which include running and cycling.