LME Inventory Update

FXStreet (Mumbai) - The warehouse stocks data released daily by the London Metal Exchange (LME) showed a drop in the inventory levels of Nickel, Aluminium, Lead, Zinc, and Copper.

Copper stocks declined by 75 tonnes, while nickel inventories fell by 432 tonnes. On the other hand, aluminium inventories witnessed a massive drawdown of 97755 tonnes, while zinc stocks got subtracted by 2300 tonnes. Meanwhile, the stock levels of Lead declined by 625 tonnes.

GBP/CAD below 10-DMA

The British pound edged lower against the Canadian dollar in the mid-European session, extending losses for the second straight session on sterling weakness.
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USD/CHF ticks up on renewed USD strength

The US dollar advanced against the Swiss franc, reversing two back-to back days of losses as USD bulls jumped back into the bids in the mid-European session.
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