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According to Bloomberg data, the US currency ended the day at $ 859.02, which means an advance of $ 1.57 compared to Wednesday.
The dollar reversed the downward trend in the morning to close the session on Thursday with an increase against the Chilean peso, the above despite the rebound dCopper.
According to Bloomberg data, the US currency ended the day at $ 859.02, which means an advance of $ 1.57 compared to Wednesday.
For its part, three-month copper on the London Metal Exchange (LME) gained 0.6% at US $ 2.34 a pound. Prices peaked at a five-week high of $ 2.38 a pound on Monday, but have accumulated losses of 17% since mid-January, Reuters reports.
“What we are seeing is a respite from the rise in the price of oil, the appetite for risk is higher,” Commerzbank analyst Daniel Briesemann told Reuters. He added that the copper market would see a surplus this year.
“The worst has not yet been seen in the data, industrial metal prices will drop in the short term. We do not expect to see a recovery until the second half of the year,” he said.
Crude oil prices were rising amid signs that producers are reducing their pumping to weather a collapse in demand. But, analysts warned that the increase could be temporary as there is a shortage of storage worldwide.
The above in a start to the day marked by data from the United States, where applications for unemployment benefits continue to rise. The world’s leading economy reported this morning that 4.4 million people applied for the benefits of the layoff as a result of the economic effect that the advance of Covid-19 has left.
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