Base metals' three-month prices on the London Metal Exchange were buoyed by a weaker US dollar index, despite negative macro sentiment brought on by weaker-than-expected US data at the close on Monday December 2.
The US dollar index traded down 0.46% at 97.42 this afternoon, exacerbating already negative macro sentiment from poor data in the region.The United States purchasing managers index (PMI) data fell two percentage points to 48.1, well below the forecast 49.2.This marks the fourth month that US PMI data has contracted, despite reports that macroeconomic sentiment has improved somewhat amid hopes of a trade deal with China....