MT: Dollar moves again, drives prices in LME pre-market
Base metals all opened below their previous official prices in pre-market trading on the London Metal Exchange on Tuesday as the US dollar again drove prices, and traders are starting to show frustration at the market’s performance in the absence of more fundamental metals drivers. “I have 40 different customers that I call every day and send news to, but I’ve nothing to send,” a category I trader said. “It’s just programmed systems that buy 50 copper at one price and sell it at another, but there’s no real...
