Copper falls on rising dollar

2022-01-18 15:36:13 GMT (

Copper prices fell on Tuesday, after the markets returned from an official holiday, while the US dollar rose against most major currencies.


The markets are parsing the recent Federal Reserve officials statements, in which they hinted at sooner-than-expected rate hikes, which affects the dollar, and in turn, commodities and stocks.


The Federal Reserve will hold its first monetary policy meeting in 2022 next week, but analysts expect that the Fed will keep interest rates unchanged this time, and will start to raise it most likely during the March meeting.


The dollar index rose against a basket of major currencies by 0.3% to 95.5 points as of 14:35 GMT, after hitting a high of 95.5 points and a low of 95.1 points.


Copper March futures fell 0.2% to $ 4.41 a pound, as of 14:26 GMT .

More News

Risk Disclaimer : Economies would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Economies does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.