Decline in the US dollar helped copper contract prices break through the highest level in nearly 8 weeks
- nov 27, 2023, at 4:33 pm
- SMM
At the beginning of the week, the US dollar continued to weaken amidst expectations that the Fed has done raising interest rate this year, almost falling below the 103 mark; copper contract prices moved higher, with LME copper peaking at $8,486/mt, and the most active SHFE 2401 copper contract prices peaking at 68,350 yuan/mt.
