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The dollar index returned to the 95.
4 line
on Friday night, as U.
S.
nonfarm payrolls beat expectations and hourly earnings rose at the fastest pace since June 2009.
London copper fell to the $5,900/mt mark
, affected by the constraint of the US dollar and Trump's aggressive rhetoric on the trade war.
On the macro front, the market is worried that the United States will impose $200 billion in import tariffs on China, the market sentiment is bearish, and the US non-farm payrolls data for August on Friday exceeded expectations to stimulate the strengthening of the dollar, and non-ferrous copper and aluminum fell
under pressure.
Copper for March on the London Metal Exchange closed down 0.
48% at $5,880.
0 a tonne
.
Last Wednesday and Thursday, London copper reduced its position to the upside, the market's current impact on the macro gradually blunted, and the bears took profits and left the market
.
Friday's downward reduction of positions, under the downward pressure of macro and fundamental support, the long and short sides are currently slightly deadlocked, and they dare not easily choose the direction
.
Watch for market reactions
to the trade war this week.
