Beijing tightens rules for entering city after Omicron case, China GDP eyed

Ross J Burland FXStreet

Beijing will require travellers to get a COVID-19 test within 72 hours of arrival in the Chinese capital, state media announced on Sunday, a day after the city reported its first Omicron case and as it readies to stage the Winter Olympics next month, Reuters reports.

Lab testing found “mutations specific to the Omicron variant” in the person, Pang Xinghuo, an official at the city’s disease control authority, told a news briefing.

Millions of people across the country have been ordered to stay at home in recent weeks, with scores of domestic flights cancelled and factories shut down, impacting the oil price and risk sentiment in markets.

In the same vein, at the top of the hour, China's Gross Domestic Product will be out which could drive further demand into the US dollar on a major disappointment.

DXY index, daily chart

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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