New bank lending in China beat expectations by nearly quadrupling in August from July as the central bank sought to shore up economic growth.
A weaker US currency makes dollar-denominated commodities cheaper for holders of other currencies, which could boost demand and prices. This relationship is used by algorithmic traders known as high frequency traders .
“There is an absence of the wider trading community because of macro and growth uncertainty,” said Alastair Munro, base metals strategist at Marex.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Gold prices rise as dollar retreats, copper rallies on China hopes By Investing.comGold prices rise as dollar retreats, copper rallies on China hopes
Lire la suite »
Biden finds a new friend in Vietnam as American CEOs look for alternatives to Chinese factoriesPresident Joe Biden heads to a Vietnam that’s looking to dramatically ramp up trade with the United States.
Lire la suite »
Biden finds a new friend in Vietnam as American CEOs look for alternatives to Chinese factoriesPresident Joe Biden heads to a Vietnam that’s looking to dramatically ramp up trade with the United States.
Lire la suite »
Biden finds a new friend in Vietnam as American CEOs look for alternatives to Chinese factoriesPresident Joe Biden heads to a Vietnam that’s looking to dramatically ramp up trade with the United States.
Lire la suite »
Biden finds a new friend in Vietnam as American CEOs look for alternatives to Chinese factoriesPresident Joe Biden heads to a Vietnam that’s looking to dramatically ramp up trade with the United States
Lire la suite »
Biden doesn't want 'to contain' China: 'We're all better off if China does well'President Joe Biden maintains that he wants to see a strong China and is not trying to 'contain' its growth.
Lire la suite »