Reuters Review (11-4)

LME Market: The London Metal Exchange (LME) base metal closed above resistance at $2,900 on Thursday, as the US dollar weakened after the election and caused fund buying to surface. One trader said, "The drop in the US dollar against the euro triggered some fund buying. Gushing, followed by partial short covering and buying. ""But following last month's massive sell-off, the current market sentiment is cautious. We have to wait and see how the Asian market reacts when copper returns to 3,000." Thursday US dollar The euro was approaching a record low, as doubts about the continued expansion of the US current account deficit lingered and investors began to sell dollars. Traders said that as the U.S. election falls, low interest rates, high oil prices, and the rate of economic growth The doubts also dragged down the US dollar. According to Reuters data, the euro/dollar hit a high near 1.2897, approaching a high of around 1.2927 in February. At 1735 GMT, the euro/dollar was reported at approximately 1.2860 U.S. dollars, up about 0.5% on that day. LME Copper: Three-month copper closed up 39 U.S. dollars at 2,915 U.S. dollars, and hedge funds and commodity trading advisory (CTA) buying triggered a period of copper gains. LME Aluminum: Three-month aluminum rose 10 U.S. dollars to 1,812 yuan per tonne, before gains. Once greater, but taking profit Reducing the gains. COMEX Copper: Copper futures on the New York Mercantile Exchange (COMEX) closed higher on Thursday. Traders said buying from commodity investment funds and a weaker US dollar helped the market break through technical resistance. "Initial buying drove the market to rise above 1.3350." - The resistance level of $1.3400 is a technical breakthrough, "said Metal Trading Director of Alaron Trading. The benchmark December copper settlement price rose 1.90 cents to $1.3490 per pound, intraday volatility between 1.3270-1.3580. Nov. 2.10 cents, reported at 1.3610 US dollars per pound. Volume is estimated at 9,000. Traders said that a copper mine in Chile will start the strike as planned, but also support the copper price

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