Copper prices rose on Tuesday, as the dollar weakened ahead of a barrage of crucial U.S. economic data this week, while China's measure to support its stock market also lifted risk sentiment.
The dollar eased as traders refrained from placing big bets ahead of a slew of U.S. economic data, including the non-farm payrolls report on Friday, that could define the outlook for interest rates.
A softer greenback makes the dollar-priced metals more affordable for buyers holding other currencies.
China is the world’s biggest metals consumer.
S&P/CS Composite-20 HPI y/y
|7.30PM||US||CB Consumer Confidence||116.0||117.0|
|US||JOLTS Job Openings||9.49M||9.58M|
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