New bank lending in China beat expectations by nearly quadrupling in August from July as the central bank sought to shore up economic growth.
A weaker US currency makes dollar-denominated commodities cheaper for holders of other currencies, which could boost demand and prices. This relationship is used by algorithmic traders known as high frequency traders .
“There is an absence of the wider trading community because of macro and growth uncertainty,” said Alastair Munro, base metals strategist at Marex.
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