Lackluster Chinese Q2 GDP data paints a worrying picture for Chinese related assets including copper. USD/CNH bullish momentum in doubt after US dollar selloff
China lowered a short-term borrowing cost in an attempt to support the economic recovery. Other more influential rates may follow as global growth declines
Chinese exports unexpectedly weakened in May hitting the world’s 2nd largest economies’ trade balance hard. With Chinese growth struggling, copper may find it difficult to push ahead in the coming weeks.
The price of copper has been declining sharply in recent weeks, despite the good performance of world indices.
Copper, a leading economic indicator, is showing renewed signs of weakness after a string of weaker Chinese data, adding to global growth concerns
Copper, often a leading economic indicator, turns lower after disappointing Chinese data and weaker metal demand sends a warning signal to the global economy