The three-month nickel price ended more than 5% higher than Tuesday’s closing price after hitting its highest since June 2015. Volumes were also high today, with more than 18,000 lots traded by 17:15 London time, the highest since September 2017.
“The greenback has been sent tumbling in the wake of comments from US Secretary of the Treasury Mnuchin talking up a weak dollar from a trade perspective,” Ole Hansen of Saxo Bank said.
The dollar index bottomed out at 89.23 earlier today, its lowest since December 2014.
“Not helping matters...
