Rare internal disagreements at the Federal Reserve disturb the market, causing the dollar to weaken and boosting base metals
According to Jinshi, rare internal disagreements within the Federal Reserve have disturbed market expectations, leading to a softening of the dollar, which in turn boosted basic metals such as copper and aluminum.
Meanwhile, the conflict in the Middle East continues, coupled with a bottoming out of aluminum inventories and unusual movements in copper warehouse receipts, basic metals are seeking direction amid macroeconomic games and supply-demand struggles.
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