Does Dollar Strength Spell Trouble for Base Metals?
October 19, 2022
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1:04Now PlayingDoes Dollar Strength Spell Trouble for Base Metals?
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as posted by the channelAs the US dollar hovers around a 20year high, base metal markets are nervously awaiting respite from its upward trend. With industrial staples such as lead, copper, nickel, aluminum and zinc priced in dollars, manufacturers around the world are seeing costs rise as the value of their local currencies tumble will an ensuing contraction in global demand spell trouble for base metals? Presented by @cmegroup
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