Wed, Feb 24, 2021
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Currencies, Metals and Minerals more

Yuan Weakness Is Metals’ Strength

Posted on 17 November 2016

Most commodities are denominated in, and therefore pegged to, the U.S. dollar but these days the Chinese yuan is starting to have as much influence on prices.While there were fundamental triggers behind the recent spike and drop in raw materials, it’s becoming clear that Chinese trading was among the main drivers.
Investors in the northeastern city of Dalian have been piling back into commodities in a replay of what happened earlier this year. That’s partly because they’re seeking to protect their global purchasing power as the Chinese currency loses value………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
February 2021
S M T W T F S
« Nov    
 123456
78910111213
14151617181920
21222324252627
28