LIVE FUTURES REPORT 02/03: Gains exceed 3.5% for LME aluminium, tin on lower US Dollar Index

Aluminium and tin showed the biggest increases at the close of trading on the London Metal Exchange on Tuesday March 2, with price support coming from a lower US Dollar Index.

The dollar index went down, prompted by the advancement of a proposed $1.9 trillion Covid-19 relief package through the US Congress.
Following the passing of the stimulus bill through the House of Representatives late last week, the measure was expected to be debated and voted on by the Senate later this week.
The dollar index was 90.80 on Tuesday at 5pm, down from a reading of 91.32 earlier in the day and Monday’s figure of 90.97 at the close.

A lower index supports...


Ana de Liz

March 02, 2021

18:00 GMT