Copper prices experienced a precipitous drop this week, puncturing 3.8229 support level and reaching a nadir last seen in November. This sell-off was largely catalyzed by a stark contraction in Chinese import data, which plummeted by -7.9% yoy in April. Specifically, copper imports in the first four months lagged -13% behind 2022’s pace. This downward […]
The post Copper plummets on China outlook, may drag down AUD/USD appeared first on Action Forex.
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