巡査 climbs with Chinese 通貨 回復

By Pratima Desai

LONDON, Sept 11 (Reuters) - 巡査 prices rose on Monday as a stronger Chinese 通貨, a 女性 dollar and buoyant 貸付金 data from 最高の,を越す 消費者 中国 fuelled 購入(する)s by 仲買人s that use algorithms to 生成する buy and sell signals.

(判断の)基準 巡査 on the London Metal 交流 (LME) 貿易(する)d 2.0% higher at $8,410.5 a metric トン as of 1613 GMT. Prices of the metal used 広範囲にわたって in the 力/強力にする and construction 産業s touched a three-week low of $8,213 a tonne on Friday.

A 女性 U.S. 通貨 makes dollar-denominated 商品/必需品s cheaper for 支えるもの/所有者s of other 通貨s, which could 上げる 需要・要求する and prices. This 関係 is used by algorithmic 仲買人s known as high frequency 仲買人s (HFTs).

中国's central bank helped to 強化する the yuan against the dollar by setting the daily midpoint 指導/手引 with the biggest bias on 記録,記録的な/記録する, signalling 増加するing 不快 with the 通貨's 最近の 証拠不十分.

"There is an absence of the wider 貿易(する)ing community because of 大型の and growth 不確定," said Alastair Munro, base metals strategist at Marex.

"The market at the moment is 支配するd by HFTs who are まず第一に/本来 焦点(を合わせる)d on yuan. 巡査 is 高度に correlated with the yuan. We also had some 肯定的な 貸付金s data."

New bank lending in 中国 (警官の)巡回区域,受持ち区域 期待s by nearly quadrupling in August from July, while 年次の growth of 優れた total social 財政/金融ing (TSF) - a 幅の広い 手段 of credit and liquidity in the economy - quickened to 9.0%. In August, TSF rose to 3.12 一兆 yuan ($428 billion) from 528.2 billion yuan in July.

産業の metals markets will also scrutinise Chinese house price data along with 産業の 生産(高) and 都市の 投資 numbers 予定 this week.

On the technical 前線, 巡査 直面するs 抵抗 between the 100-day 普通の/平均(する) of $8,412 and the 50-day 普通の/平均(する) of $8,435.

In other metals, aluminium was up 1.1% at $2,208.5 a トン, zinc 伸び(る)d 2.8% to $2,512.5, lead rose 0.8% to $2,245.5, tin 前進するd 0.8% to $25,785 and nickel climbed 2.2% to $20,485. (報告(する)/憶測ing by Pratima Desai 付加 報告(する)/憶測ing by Polina Devitt Editing by David Goodman, Louise Heavens and David Evans)

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