SYFX

Copper prices have reasons for being supported

Published On: August 21, 2020

Summary

By sueyangfx.com August 21, 2020 at 07:06AM Copper hits two year high this week Copper prices have been rallying recently on the weaker dollar (it makes it cheaper for holders of other currencies to buy), supply issues and rising demand […]

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By sueyangfx.com

August 21, 2020 at 07:06AM

Copper hits two year high this week
Copper prices have been rallying recently on the weaker dollar (it makes it cheaper for holders of other currencies to buy), supply issues and rising demand from China on Beijing’s stimulus package. Take a look at this chart from Reuters tracking China’s PMI’s with the LME index:

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