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Copper Prices Fell Due To A Stronger Dollar And Signals Of No U.S. Rate Cut In Mar.

Copper prices experienced a decline of -0.89% yesterday, settling at 726.75, influenced by a stronger dollar and indications of no U.S. rate cut in March. However, positive data from China and tightening supply dynamics provided some support.

The Caixin China General Manufacturing PMI for January unexpectedly held at 50.8, surpassing market forecasts and marking the third consecutive month of growth in factory activity, contrary to official data indicating pre-Lunar New Year weakness. 

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