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London copper rebounds as dollar rally pauses

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July 7 (Reuters) - London copper prices rose on Wednesday,
as a halt in dollar s rally eased pressure on greenback-priced
metals, while investors continued to bet on a global economic
recovery.
Three-month copper on the London Metal Exchange rose
0.6% to $9,370 a tonne by 0322 GMT, while the most-traded August
copper contract on the Shanghai Futures Exchange fell
1.6% to 68,570 yuan ($10,594.05) a tonne, tracking overnight
losses in London.
The dollar traded sideways on Wednesday, awaiting the U.S.
Federal Reserve s minutes from its last policy meeting due later
on the day. A weaker dollar would make LME metals cheaper to
holder of other currencies. ....

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Pound Canadian Dollar (GBP/CAD) Exchange Rate Sinks as Canadian Ivey PMI Beats Forecasts

April 8, 2021 - Written by John Cameron
GBP/CAD Exchange Rate Falls as Outlook for Canadian Economy Improves
The Pound Canadian Dollar (GBP/CAD) exchange rate fell today following a surge in the latest Canadian Ivey PMI data for March, which beat forecasts and rose to 72.9. The pairing is currently fluctuating around CA$1.73.
The Canadian Dollar (CAD) has benefited from the Ivey PMI jumping to a 10-year high as this indicates a rebounding economy.
Analysts at Reuters commented on the data:
‘The seasonally adjusted index rose to 72.9 from 60.0 in February, surpassing analysts’ expectations for 60.5. It was the highest level for the index since March 2011 and the second highest since the PMI was launched in 2000.’ ....

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