Tag Archive | "dollar"

Copper’s rollercoaster ride

Wednesday, May 27, 2009

By Leia Michele Toovey- Exclusive to Copper Investing News A battery of economic data pulled copper in every direction this week; U.S. copper futures retreated from a near three week high Wednesday morning, as a mixed report from the housing sector boosted the greenback.  Consumer confidence sent copper on a rally Tuesday, overshadowing the weak [...]

India Copper futures trade lower on strong dollar overseas

Monday, April 20, 2009

India copper futures reported to trade lower on Monday, following global leads, where a strong dollar pressured the red metal. Somnath Dey, in-charge metals and energy research in Noida, stated: Copper should see more downside on profit-booking later in the session. For full story, click here

Is the bull about to make a comeback?

Friday, March 27, 2009

By Leia Michele Toovey-Exclusive to Copper Investing News Copper’s rapid ascent in 2009 reopened the question- are we there yet? Since the economic crisis started everyone has been seeking the answer to the elusive question- have we hit the bottom? The red metal, considered a barometer of economic health, has rallied 33 per cent so [...]

Weak dollar push US copper to 2-wk high

Friday, February 27, 2009

Copper rose to two-week high in New York futures trade on Thursday, as a weaker dollar, upbeat equity markets, and a big drawdown in London stockpiles offset grim data from the labor, manufacturing, and housing sectors of the economy. For full story, click here

Copper jumps on citi reports and weaker dollar

Monday, February 23, 2009

Copper rallied nearly 5 percent and lifted other industrial metals on Monday due to weakened dollar improved sentiment after a report that the U.S. government could enhance its stake in Citigroup. For more information, click here

Copper prices ignore rate cut

Thursday, December 18, 2008

By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices fell to the lowest in almost four years on concern that the deepening global recession will reduce metal demand through next year. Copper prices have plunged 55 per cent this year, heading for a record annual decline. Copper futures for March delivery slipped 0.4 [...]

Copper adds some shine on reports that bears losing grip on market

Thursday, December 11, 2008

By Leia Michele Toovey- Exclusive to Copper Investing News Volatile copper prices fell more than 2 per cent before turning positive on Thursday.  The U.S. dollar retreated to its lowest point relative the euro in six weeks, making the metal less expensive for international holders. U.S. copper futures turned positive, copper for March delivery HGH9 [...]

Sharply weaker dollar lifts copper prices

Thursday, November 27, 2008

Copper pared losses as a sharply weaker dollar offset concerns about metal demand. For full story, click here

Copper demand mirrors economic growth

Thursday, November 20, 2008

By Leia Michele Toovey- Exclusive to Copper Investing News With copper prices considered a barometer of economic growth, it is no surprise that the metal is having a rough go.  Japan and Germany are in a full-fledged recession, and China and the U.S. are in bear markets teetering on the brink. The metal has lost [...]

Is America’s choice of a president to blame for post-election stock market blues?

Thursday, November 6, 2008

By Leia Michele Toovey- Exclusive to Copper Investing News Now that the U.S. election is over, the economy is back in the spotlight. Earlier this week, pre-election excitement sent the economy on an ascent; following the election, the markets tracked back their gains. On Wednesday, copper, considered a key indicator of economic health, was down five per [...]

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