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Key Macroeconomic Indicators for Base Metal Prices (2015-11-19)

iconNov 19, 2015 10:07
Source:SMM
Base metals prices are expected to remain range-bound at lows today.

SHANGHAI, Nov. 19 (SMM) – Base metals prices are expected to remain range-bound at lows today.

It is still uncertain whether the Federal Reserve will raise interest rate in December, according to the Fed’s October meeting minutes. This will constrain gains in the US dollar and helping arrest some losses of base metals.

However, should the Philadelphia Fed's manufacturing index show some improvement, US November manufacturing index will be promising, boosting the US dollar.


base metals prices

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