Commodities

Copper falls on stronger dollar

2021-02-12 14:51:29 GMT (Economies.com)

Copper prices fell on Friday, as the US dollar fell amid focus on the coronavirus pandemic latest updates and the ongoing talks between the White House and the US Congress over Biden's stimulus plan..

 

US Treasury Secretary Janet Yellen said earlier this week that the lockdown restrictions might get extended to the end of this year if the Congress does not pass Joe Biden's $1.9 trillion stimulus plan.

 

Meanwhile, discussions between the White House and Congress are ongoing to pass the plan tp support the US economy.

 

The dollar index rose against a basket of major currencies by 0.3% to 90.6 points as of 14:37 GMT, after hitting a high of 90.7 points and a low of 90.4 points.

 

Copper March futures fell 0.3% to $3.76 per pound as of 14:27 GMT, after hitting a high of $3.78 and a low of $3.72.

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