Thursday 27 June 2019

Copper Eased Pressured By A Stronger Dollar After Comments From The U.S.

Copper trading range for the day is 409.1-424.5.

Copper eased pressured by a stronger dollar after comments from the U.S. Federal Reserve chairman diminished dovish enthusiasm.

Meanwhile in China, the Shanghai Interbank Offered Rate for the tenor fell to its lowest since June 2009, as liquidity in the banking system remained ample.

The United States hopes to re-launch trade talks with China after their presidents meet on Saturday, but Washington wants Beijing to come back with the promises.

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