SMM Morning Review - 2010/3/29 Copper Market

SHANGHAI, Mar. 29 (SMM) -- The euro rebounded following a joint EU-IMF effort for Greece's debt issues, and the US dollar index fell back to 81.5 in response. In this context, LME copper prices rallied from USD 7,365/mt to USD 7,515/mt. A weaker US dollar helped LME copper prices return above USD 7,500/mt, a sign of evident positive impact on LME copper prices from a falling US dollar.

The US dollar is expected to drop further following easing concerns over debt crisis in Greece, and LME copper prices are expected to test USD 7,600/mt.  
 
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