LIVE FUTURES 09/08: Copper falls to 3-week low on LME, nickel down 3%

August 10, 2021 / www.metalbulletin.com / Article Link

The price of nickel showed the biggest fall on the London Metal Exchange on Monday August 9, but selling extended across the base-metals complex, following a sharp turn in sentiment at the end of last week.

Data pointing to further recovery in the United States' employment market continued to fuel speculation about when the US Federal Reserve bank will taper its asset purchases and start to raise interest rates, Fastmarkets analyst James Moore said in an economic outlook note on Monday.
The expectation that the Federal Reserve would start to reverse its monetary policy continued to fuel the US Dollar index, which reached an intraday peak of 92.96 on Monday, the highest for two weeks.

"At the same time, rising...

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