Base metals rose due to the weakening of the US dollar.
In early Asian trading, base metals rose. In a report, the research department of ANZ Bank stated that the sector received support following selling of the US dollar triggered by the US employment report. ANZ Bank added that the weakening of the US dollar and easing concerns about US monetary tightening boosted risk appetite. The three-month London Metal Exchange copper contract rose by 0.7% to $13,416.00 per ton, while the nickel contract rose by 1.7% and the aluminum contract rose by 0.6%.
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