COMEX copper closed higher helped by a weaker dollar-Shanghai Metals Market

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COMEX copper closed higher helped by a weaker dollar

Translation 08:22:46AM May 05, 2019 Source:Wenhua Finance and Economics

SMM News: according to Dow Jones May 3 news, COMEX copper closed higher on Friday, due to the weakness of the dollar.

The dollar fell against a basket of currencies on Friday as traders focused on the weakness of the April US non-farm payrolls report and dismissed stronger-than-expected job growth and unemployment falling to a more than 49-year low.

Analysts say investors remain optimistic ahead of next week's Sino-US trade talks, which are widely expected to make good progress after continuing talks in Beijing this week.

Key Words:  Copper  capacity  price forecast  output 

COMEX copper closed higher helped by a weaker dollar

Translation 08:22:46AM May 05, 2019 Source:Wenhua Finance and Economics

SMM News: according to Dow Jones May 3 news, COMEX copper closed higher on Friday, due to the weakness of the dollar.

The dollar fell against a basket of currencies on Friday as traders focused on the weakness of the April US non-farm payrolls report and dismissed stronger-than-expected job growth and unemployment falling to a more than 49-year low.

Analysts say investors remain optimistic ahead of next week's Sino-US trade talks, which are widely expected to make good progress after continuing talks in Beijing this week.

Key Words:  Copper  capacity  price forecast  output