| A pullback for the dollar and some bullish China data are helping all things commodity. In a broadly upbeat base metals sector, the price of copper is surging 2.7 per cent to $5,882 a tonne, while nickel and zinc are gaining 1.9 per cent and 1.1 per cent, respectively.
All these raw materials are quoted in greenbacks, so a pause in the buck's rally - the dollar index is dipping 0.7 per cent from its 12-year high - is delivering a traditional rally for the sector. They are also getting a boost from hopes of more demand from China, following news that Chinese banks' new loans in February hit Rmb1tn, roughly $163bn, far more than economists had expected...............................................Full Article: Source
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