© Dukascopy Bank
Connection between copper and palladium tumbled to 0.55 while link to aluminium decreased to 0.59 over the week. At the same time, copper's correspondence with zinc and nickel tumbled to 0.73 and 0.59, respectively amid softer US Dollar and negative data from the US. Meanwhile, copper's interdependence with the pair EUR/USD dropped from 0.68 to 0.59 over the day as the Euro found support on the US pessimistic releases while copper showed strong sensitivity to the slower US growth.
© Dukascopy Bank