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Hedge funds and other asset managers are ramping up bets on dollar weakness using options, in a sign the market is turning even further against the US currency as haven demand wanes.
Source
Bloomberg Markets
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Copper smelters in China churned out a record volume of refined metal last month, as surging prices of byproduct sulfuric acid encouraged higher output and aided the industry’s profitability.
If pump prices do rise, the effects will be felt across the broader economy.
JPMorgan Chase & Co. is working toward getting approval from Chinese securities regulators to launch actively managed exchange-traded funds in the country for the first time.
Australian gasoline prices fell for a third straight week, as government measures eased some of the pain at the pump triggered by the war in Iran.
