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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 Lead, Zinc, Aluminium and Nickel. While, copper stocks witnessed a built-up.

Copper stocks increased by 1475 tonnes. On the other hand, aluminium inventories declined 6775 tonnes, while Zinc stocks got subtracted by 4600 tonnes. While, stock levels of lead and nickel decreased by 400 and 1002 tonnes respectively.

NZD/USD regains 0.7500

The New Zealand dollar accelerated losses during the European session, largely on the back of a tumbling Aussie after the US dollar regained footing across the board.
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Silver trades below 50% Fib level

Silver prices fell below the 50% Fib retracement level of the uptrend from USD 14.10 to USD 18.47 located at USD 16.295/Oz level.
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