SHANGHAI, Jul. 23 (SMM) – LME lead prices dipped to a low of USD 2,032/mt after opening at USD 2,046.3/mt Monday. Later, the Chicago Fed National Activity Index for June was reported at -0.13, lower than expected, albeit higher than May’s level. The US existing home sales for June also fell 1.2%, well below the 4.2% increase in May and the 1.4% growth expected. The negative news drove the US dollar to fall below moving averages, while other currencies continued to rally. As such, LME lead prices rebounded to end at USD 2,055.3/mt, up USD 12.8/mt from last Friday. Trading volumes were down 403 lots to 2,930 lots, while positions dropped 434 lots.