Trade Optimism Emerges & US Dollar Index Pulls Back, Copper Prices Fluctuate Upward [SMM Copper Morning Comment]
- feb 21, 2025, at 8:38 am
【Trade Dawn Emerges & US Dollar Index Pulls Back, Copper Prices Fluctuate Upward】
Macro side, US initial jobless claims for the week ending February 15 slightly exceeded expectations, recording 219,000, higher than the expected 215,000. US Fed's Bostic stated that two interest rate cuts are still expected this year, but significant uncertainty remains. The US dollar index weakened noticeably. Meanwhile, the US announced on Wednesday that new tariffs are expected to be announced within the next month or sooner. Trump stated that lumber tariffs might be announced on April 2. However, the US is currently negotiating a peace agreement with Russia, and the US has hinted that lifting sanctions could be part of the agreement. Additionally, Trump mentioned that...



