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| Source MF Global (typo in blue label, should be 2010) |
Copper dips each time PBOC hike rates. So, buy every such dip? [eg yesterday HGK1 sold off from 428 to 421.35 on PBOC news. Now back to 430]
06 April 2011
MF Global : PBOC Rate Hikes
Copper dips each time PBOC hike rates. So, buy every such dip? [eg yesterday HGK1 sold off from 428 to 421.35 on PBOC news. Now back to 430]
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BOC RRR hike announced over the weekend. But was widely expected so selling in Copper muted post-hike. Already declined a lot after 5.4% inflation (vs expectation 5.2%).
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