Monday, 21 November 2016

DOLLAR ADVISORY MCX COPPER UPDATE OF 21 Nov 2016

Copper trading range for the day is 364.5-377.7. Copper dropped as the dollar soared to a 13-1/2-year high after Fed’s Yellen signalled U.S. interest rates could rise "relatively soon." Going forward, indications of a relatively balanced copper market next year could support prices. China's biggest copper smelter, Jiangxi Copper, has agreed to a 5 percent drop in fees to process concentrate for Freeport-McMoRan Inc in 2017.
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