USD Drops in Step, Metals being Mixed

Published: Oct 11, 2017 09:15

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Since last night Trump disputed with Republican senator, which may cause obstruction of tax reform plan and tension between N. Korea and US continues to escalate, USD dropped in step during session.

SHANGHAI, Oct. 11 (SMM)－Since last night Trump disputed with Republican senator, which may cause obstruction of tax reform plan and tension between N. Korea and US continues to escalate, USD dropped in step during session, touching low point during the week. Base metals moves high in a volatile way for domestic and foreign markets during night session last day. LME Copper touched high point during past 4 weeks, mixed at closure.

Wednesday see few economy data. Only need to focus on change of US JOLTs job vacancy in August. Concerning information, Kaplan and Evans, high officials of FED will deliver speech in succession, which may cause fluctuation of foreign exchange market. Additionally, OPEC will release monthly report of crude oil market, which is expected to lead oil price further. Last night Trump disputed with Senator Corker, which results in grim prospect of tax reform plan and tension between N. Korea and US continues to escalate, USD dropped in step during session under influence.

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