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Weekly Copper Review: Weakness In Dollar Supports

13 Aug 2022 , 01:05 PM

Copper prices were seen hovering near six week high tracking decline in US dollar that plunged to its lowest level in more than a month. The US treasury yields and dollar index fell sharply after US inflation grew at a slower pace than expected in July, according to the latest government figures, easing pressure on the Federal Reserve to go aggressive on interest rate hike that could benefit industrial metal prices. Powered by Commodity Insights

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