The U.S. dollar rose on Tuesday as Treasury yields climbed and worries over a further acceleration in global inflation kept investors’ risk appetite at bay.

In May, the manufacturing purchasing managers' index (PMI) was 49.6, below the 50-point mark but up 2.2 points from the previous month, with the overall climate index in the manufacturing sector improving.

Today, the most traded INE bonded copper 2207 contract showed an overall upward trend.

The dollar slipped on Friday as a rally in equities contributed to a risk-on mood, but was still set for a sixth straight week of gains as investors remained concerned about slowing global growth and Federal Reserve policy tilting the United States into a recession.

SHANGHAI, Apr 28 (SMM) - The China Securities pointed out that the performance of gold was mediocre in 2021 and far underperformed commodities.

The dollar hit a two-year high on Tuesday as concerns about slowing growth in China and expectations that the Federal Reserve will aggressively hike rates boosted demand for the greenback.

SHANGHAI, Apr 22 - On April 22, Yi Gang, Governor of the People's Bank of China, attended the sub-forum on "Global Inflation, Interest Rate Hike Tide and Economic Stability" at the Boao Forum for Asia Annual Conference 2022 and delivered a keynote speech.

The dollar rose on Tuesday to a fresh 20-year high against the Japanese yen and tested a two-year peak against the euro, supported by high U.S. Treasury yields.

Luo Junjie, the spokesman of the Ministry of Industry and Information Technology (MIIT), said at the press conference of the State Council Office on April 19 that MIIT planned to moderately speed up the development of resources in China, and would work with relevant departments to resolutely crack down on unfair competition such as hoarding and driving up prices, pushing the prices of raw materials for new energy vehicles back to normal as soon as possible.

Weekly Metal Macro Report