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Slow Chinese Economy, Strong Dollar Create Perfect Storm for Base Metals to Face Strong Headwinds
Jul. 18, 2013 07:02AM PST
Base Metals Investing CNBC reported that the current blend of a sluggish Chinese economy and a dollar that is gathering strength provide for a “toxic” environment for commodities, base metals in particular.
CNBC reported that the current blend of a sluggish Chinese economy and a dollar that is gathering strength provide for a “toxic” environment for commodities, base metals in particular.
As quoted in the market report:
Andrew Keen, global head of metals & mining at HSBC, said the adjustment to near term forecasts for base metals is a reflection of poor market sentiment for the sector going into the second half of the year.
