Forex News Base metals have quiet start to week, lack of data releases leaves LME complex to look toward broader financial market for direction, says analyst Leon Westgate at Standard Bank. Notes LME copper "continues to be affected by a lack of direction, with the red metal consequently looking towards the currencies and oil markets for inspiration". Tightness in nearby spreads continues, deterring aggressive shorts. Tom-Next copper spread trades out to $35/ton backwardation, from $10 back. LME 3-month copper up $35 vs PM kerb at $8,120.
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