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Week’s first weak dollar, weak copper, suspicion of China



China recently admitted that it had recorded almost 60,000 deaths linked to covid-19 in five weeks.

of dollar It started the week showing a slight drop compared to Friday’s average price. $819 His first move never scaled beyond $3.

Markets will be slower than usual as Wall Street will be closed this Monday for the Martin Luther King Day holiday.

of copper On the other hand, it registered a decline of more than 0.65%, thanks to the fact that investors are waiting for the data (annual GDP and China’s Q4 2022) to be released tomorrow Tuesday.

“We also have to take into account that on Saturday the Chinese authorities revealed that: Nearly 60,000 people infected with Covid have died in hospitals Francisco Román, Senior Market Analyst at XTB Latam said:

About it, “Definitely put pressure on the market as questions remain as to whether China’s reopening will be sustained over time or whether measures to restrict people’s movements must be adopted again, It can have a direct impact on the industry. ”

Regarding the overall global situation, experts say that the exchange rate price range is $813 and $833.

Source: Biobiochile

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