ahlam1399
09-02-2016, 06:00 AM
Reuters Melbourne
London copper shifted away from twomonth lows and zinc neared 15-month highs on Thursday after China´s manufacturing activity unexpectedly expanded in August, typically a quietmonth formetals demand. Activity in China´smanufacturing sector picked up lastmonth, although gainswere modest, an official survey showed on Thursday. "It allows us to bemore confident that the eco**my is getting better," said chief investment ******r Jonathan Barratt of Ayer´s Alliance in Sydney. "The emphasis on the trade **w is all about the dollar. When the dollar starts to turn (lower) we´ll see eco**miesmove," said Barratt,who expects the greenback to fall within the next 1-2 months. Three-month copper on the LondonMetal Exchange had edged up 0.4 percent to $4,632 a tonne by 0130 GMT, after ending little changed in the previous session. _
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London copper shifted away from twomonth lows and zinc neared 15-month highs on Thursday after China´s manufacturing activity unexpectedly expanded in August, typically a quietmonth formetals demand. Activity in China´smanufacturing sector picked up lastmonth, although gainswere modest, an official survey showed on Thursday. "It allows us to bemore confident that the eco**my is getting better," said chief investment ******r Jonathan Barratt of Ayer´s Alliance in Sydney. "The emphasis on the trade **w is all about the dollar. When the dollar starts to turn (lower) we´ll see eco**miesmove," said Barratt,who expects the greenback to fall within the next 1-2 months. Three-month copper on the LondonMetal Exchange had edged up 0.4 percent to $4,632 a tonne by 0130 GMT, after ending little changed in the previous session. _
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