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[Ni] CBI Morning Review - 2009/6/4 Nickel Market
SHANGHAI, June 4 (CBI China) -- Yesterday, the US dollar rebounded sharply affected by the weak US economic data and falling stock markets, triggering the profit-taking of metals, and the prices fell significantly as well. In the medium term, the US dollar will continue to move downward, and the capital surplus will exist in the market as well. Besides, the Europe and the US will reveal a series of important economic data this week. In the short term, the market will keep fluctuating amid the impact from the depreciation of US dollar and from weak market fundamentals. However, the price will move upward along with the economic recovery in Europe and the US.
Copyright ? 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.
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