LIVE FUTURES 06/08: Lead falls 3.7% with all LME prices brought down by Dollar index

August 07, 2021 / www.metalbulletin.com / Article Link

The US Dollar Index was at its highest since July 27 and was weighing on London Metal Exchange base-metal prices in the afternoon of Friday August 6, with all metals ending the week below where they were on Monday.

The US index touched a week-and-a-half high of 92.84 on Friday afternoon, following the release of positive employment data in the country.
There were 943,000 jobs added to the US economy in July, well over the expected 870,000, while the unemployment rate fell to 5.4% in the month from 5.9% in June, data from the country's Department of Labor showed.

The numbers were an indication of growth in the US labor market, one of the Federal Reserve bank's key metrics for starting to tighten its monetary...

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