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London copper falls on stronger US dollar, China demand worries

From brecorder.com

Benchmark London copper fell during Asian trading on Monday, resuming its downtrend after a late-session rebound on Friday, as the US dollar firmed and investors braced for industrial activity data from top metals consumer China. Three-month copper on the London Metal Exchange was down 0.6% at $8,205 a tonne, as of 0312 GMT. It slumped to its lowest in more than five months on Friday at $8,136.50, weighed down by concerns over the pace of China’s economic recovery, rising inventories and the dollar’s strength. The dollar hit a five-week high against major peers as it benefited from inflation worries at home and ... (full story)

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  • Category: Fundamental Analysis