U.S. Retail Data Drags Down Copper Prices; Volatile Pattern Fails to Conceal Bottom Resilience [SMM Morning Comment on Copper]
- feb 17, 2025, at 8:49 am
[US Retail Data Drags Copper Prices; Volatility Pattern Fails to Conceal Bottom Resilience] Macro side, US January retail sales month-on-month recorded -0.9%, marking the largest decline since January 2024. The disappointing "scary data" heightened concerns over a sharp economic slowdown, suppressing both the US dollar index and copper prices.
