Worries about the US $700 billion US financial rescue plan has left copper at a one-week low. “Copper prices will continue to fall in the medium-term, there is a slowdown in demand and there are recession risks in the U.S. and in Europe — and this could spill over to China.” Find the complete article here. The [...]
Copper futures dropped almost three percent as investors cashed in on the recent high. Concerns about the US government’s bailout strategy as well as a firm dollar supported selling. Copper’s softer tone attributed to weakness in crude oil prices and a slight rebound in the U.S. dollar – traders. Uncertainty about the U.S. government’s $700 [...]
A weakened dollar and more suggestions of China’s demand picking up found copper futures continuing to rise after last week’s 9-month lows. Dollar-denominated copper rises in the face of a weaker American currency after the U.S. government’s $700 billion bailout plan aimed at easing the global credit crisis sparked concerns about the country’s massive budget deficit. [...]
The US intends a risky assets plan that hasn’t seemed to impact the bear market and found copper gaining. Copper gained as the US dollar fell. Demand remains a concern with a 19-month inventory high. LONDON, Sept 19 (Reuters) – Copper jumped more than 6 percent on Friday as the dollar fell and a [...]
Thanks to a weaker dollar and after a four day low copper has risen again. There was also an increase of inventories marked for removal from LME registered warehouses, which is is the highest since April. Equity markets also advanced after the world’s largest central banks said they will pump $180 billion into the financial [...]
Copper was up half a percent in the midst of a weakening US dollar, production concerns and China’s low inventories. Copper shrugged off the turmoil in financial markets, including Lehman Brothers filing for bankruptcy on Sunday, and instead chose to focus on the greenback, which fell as much as 1 percent, extending Friday’s sharp losses [...]
Expectations of increased demand from China have supported the rise of copper once again, taking it to a one-week high despite analysts’ warnings that global economic weakness will thwart any sustainable recovery. The metal used widely in the power and construction industries is down about 20 percent since hitting a record high of $8,940 a tonne in [...]
US copper futures dropped in connection with the overall fall of the metals complex as the US dollar’s strength continued to push metals down. A weaker tone on Wall Street and further probes to the downside in crude oil prices were other factors seen dragging on industrial metal copper. Read the entire article here. [...]
With a strengthened US dollar copper dropped 1 percent. Copper hit its lowest mark of $6,830 in early trade since January 23. The dollar rose after the government bailed out mortgage players Fannie Mae and Freddie Mac. LME copper prices have slumped about 20 percent since their record high in July of $8,940 a tonne [...]
US Copper Futures are up despite a strong dollar and thanks to a firmer outside market. Copper gains early momentum from steadier energy markets and the early move higher in gold – trader. Copper up again in extension of consolidation bounce from its recent lows – Ralph Preston, futures analyst with HeritageWestFutures.com in San Diego, [...]
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