SMM Aluminum Morning News: US Dollar Index Hits Six-Month Low, Short-Term Aluminum Prices Remain Relatively Strong and Volatile.
On the macro level, the US dollar index continued to decline, with the annual core PCE price index for November in the US lower than expected, and inflation indicators cooling more than expected, as well as downward revisions to the real GDP in the third quarter, leading to consumption below expectations. This further strengthens the view that the Federal Reserve will shift to rate cuts. Additionally, the recent complex situation in the Red Sea has impacted transportation costs, providing support for aluminum prices...
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