Dollar up, copper down!
The last month has proved this trend so clearly and unfortunately copper is now on the low end of the seesaw.
As you can see copper peaked at $4.01 on July 31st.
Also no coincidence that the dollar was weakest that day down to 7.11 yuan.
Fast forward to today, copper is down to $3.74.
And you can see the dollar is now up to 7.22 yuan.
So there you have it. Dollar up copper down. Hoping for a weak dollar to get copper back up again!!
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