iconMay 9, 2024 08:15
Source:SMM
【The Rise of the US Dollar Suppresses Copper Prices, and Downstream Consumption Improves Slightly】On the macro level, the US dollar remained strong and rose, pushing down copper prices overnight. Eric Rosengren, President of the Federal Reserve Bank of Boston, said that economic cooling is needed to achieve the 2% inflation target, and maintaining interest rates stable for a longer time will slow economic growth. In addition, Egyptian sources said that the parties to the Gaza ceasefire negotiations have reached significant consensus on some controversial issues...

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