down due to strong USD

Báo Đô thịBáo Đô thị21/01/2025


Three-month copper on the London Metal Exchange (LME) fell 0.3%.
Three-month copper on the London Metal Exchange (LME) fell 0.3%.

Three-month copper on the London Metal Exchange (LME) fell 0.3% to $9,164 a tonne.

The US dollar started a crucial week, hovering near peaks not seen in more than two years, as President Trump returned to the White House, with an inaugural address that investors are eagerly awaiting for clues about his immediate policy plans.

The dollar index was last at 109.11 - down slightly from a 26-month high of 110.17 hit last week.

A stronger dollar makes commodities priced in the greenback more expensive for holders of other currencies.

Meanwhile, the US Federal Reserve is likely to keep interest rates unchanged on January 29 and continue to cut in March.

LME aluminium was flat at $2,683, tin fell 0.3% to $29,670, nickel fell 1.6% to $15,845, lead remained flat at $1,967 and zinc fell 0.1% to $2,938.

Copper hits 5-week high on China stimulus hopes

The most-active copper contract on the SHFE fell 1.3% to 75,400 yuan ($10,307.73) a tonne.

SHFE aluminum fell 0.2% to 20,400 yuan a tonne, nickel fell 1% to 126,760 yuan, zinc rose 1.2% to 24,200 yuan, lead rose 0.4% to 16,780 yuan and tin was unchanged at 248,170 yuan.



Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-21-1-giam-do-dong-usd-manh.html

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