Market Currents
Copper closed the week at a six-month low, as traders shed their initial positive reaction to...
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Friday, June 8, 2012, 5:54 PM ETCopper closed the week at a six-month low, as traders shed their initial positive reaction to China's rate cut to focus on the move as a sign of weak Chinese economic growth. Barclays says any boost in demand from Beijing’s pro-growth measures might not be felt until Q4, and the “magnitude of support... is not seen as being anywhere near the same scale as the stimulus of 2008-09."
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