SMM Daily Comments (May 30): Base Metals Mostly Fell, SHFE Tin Bucked the Trend to Soar, Dollar Surged to New High, Oil Fell As Likely Fed Rate Hike Counteracts Debt Ceiling Agreement
- Mei 30, 2023, at 5:50 pm
- SMM
The possibility of the Fed raising interest rates in June still exists, and crude oil is under macro pressure again. The positive influence of a debt ceiling agreement is fading, and the possibility of further interest rate hikes in the United States has restrained the rise in oil prices.
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SMM Morning Comments (May 30): Base Metals Show Mixed Performance, With Copper Outperforming, Growing Risk Appetite Softens Safe-Haven Appeal Of US Dollar
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