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Zinc dropped as pressure seen after higher dollar ahead

Zinc dropped as pressure seen after higher dollar ahead

Zinc trading range for the day is 173.8-185.4. Zinc dropped as pressure seen after higher dollar ahead of Wednesday’s decision on U.S. interest rates by the Federal Reserve created pressure. Prices dropped despite China issued a raft of upbeat data showing the economy got off to a strong start to 2017, supported by strong bank lending. Trader are eyeing on China as China historically been a major importer of zinc concentrates to top up domestic supply to its smelters.

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