The post Data from China justifies Copper price correction – Commerzbank appeared on BitcoinEthereumNews.com. The Copper price has recently fallen significantly from its record high at the end of October of just over $11,000 per ton, Commerzbank’s Head of FX and Commodity Research Thu Lan Nguyen notes. Copper prices retreat from October record high “In our view, this represents a healthy correction, as supply concerns had already gone too far without any clear indications of a raw material shortage that could slow down metal production. According to data from the customs authorities, Chinese imports of Copper ore declined for the second month in a row in October. However, they are still at a high level.” “Overall, imports this year are still around 7% above last year’s level. This suggests that Copper production will remain high, at least for the time being, even if it does not expand significantly further. At the same time, the continued subdued imports of unwrought Copper and Copper products indicate that there is limited demand for Copper beyond domestic production.” Source: https://www.fxstreet.com/news/data-from-china-justifies-copper-price-correction-commerzbank-202511071351The post Data from China justifies Copper price correction – Commerzbank appeared on BitcoinEthereumNews.com. The Copper price has recently fallen significantly from its record high at the end of October of just over $11,000 per ton, Commerzbank’s Head of FX and Commodity Research Thu Lan Nguyen notes. Copper prices retreat from October record high “In our view, this represents a healthy correction, as supply concerns had already gone too far without any clear indications of a raw material shortage that could slow down metal production. According to data from the customs authorities, Chinese imports of Copper ore declined for the second month in a row in October. However, they are still at a high level.” “Overall, imports this year are still around 7% above last year’s level. This suggests that Copper production will remain high, at least for the time being, even if it does not expand significantly further. At the same time, the continued subdued imports of unwrought Copper and Copper products indicate that there is limited demand for Copper beyond domestic production.” Source: https://www.fxstreet.com/news/data-from-china-justifies-copper-price-correction-commerzbank-202511071351

                                                                               Federal Reserve Governor Stephen Miran argued that stablecoins’ potential multi-trillion dollar growth over the next five years will help push down interest rates.                     A growing demand for US dollar-tied crypto stablecoins could help push down the interest rate, says US Federal Reserve Governor Stephen Miran.The Donald Trump-appointed Miran told the BCVC summit in New York on Friday that the dollar-pegged crypto tokens could be “putting downward pressure” on the neutral rate, or r-star, that doesn’t stimulate or impede the economy.If the neutral rate drops, then the central bank would also react by dropping its interest rate, he said.Read more