Reuters Review (2-1)

LME Market: LME base metals futures fell on Tuesday as the dollar’s ​​strength led to selling pressure, and the United States will announce interest rate decisions on Wednesday. Standard Bank analyst Barr told Reuters: “The market has strengthened as the dollar And steadily declined." At the end of the composite transaction, three-month copper has fallen by 1.3%, and other metal futures are also under pressure. Barr pointed out that despite the tight supply of the market to provide support, but the dollar is still a key factor. 1700GMT The euro/dollar was quoted at $1.3013, which was 0.2% lower than the NYSE late Monday. The dollar/yen also gained 0.2%. The strong dollar has made base metals denominated in dollars more expensive for holders of other currencies. A dealer Said, "Most of today's trading is very low-key and usual, people are watching the US dollar after the FED meeting." Barr believes that the United States has released economic data is still optimistic, FED is expected to continue its orderly increase on Wednesday The policy. He also said that the unemployment data on Friday will also be a key factor in determining market sentiment, because the unemployment rate shows the potential strength of the US economy and may increase the possibility of further interest rate increases in the future. Zinc futures closed at 1,291.50, a decline of 6.50. Three-month lead fell by 9 to 927. Three-month nickel was flat at 14,525. LME Copper: Three-month copper closed down 41 US dollars at 3,041 US dollars per ton. The spot/three-month inverse price gap narrowed from 185/195 USD in the early European market to 170/72. LME Aluminium: Three-month aluminum fell by 4 USD to 1,845, and spot/three-month price difference by 13/16 USD The factors provided support. COMEX Copper: Copper futures on the New York Mercantile Exchange (COMEX) closed lower on Tuesday, as the dollar rallied to trigger a sell-off. However, some copper buyers re-entered the market when the dollar's gains contracted to reduce losses to a lower level. A trader said, "At the beginning of the session, some banks sold and set the tone for the full-day trading. Once copper fell by around $0.01, it will deter investors' confidence in copper futures. Since then, there have been fund selling, and the dealer has also This helped trigger some stop-loss orders. "March 3 copper fell 1.90 cents to 1.4160 US dollars per pound, the intraday low was 1.4030, hitting a high of 1.4370 at the beginning of the session. Spot February copper fell 1.20 cents to US$1.4510 per pound. Other monthly contracts are trading down 1.25-1.55 cents. COMEX Copper Pay estimated 16,000 ports, far more than the 9,385 Monday opening date: 2005-2-2

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