| Already battered commodities prices suffered yet another blow as the U.S. dollar soared to its highest level in more than a decade on Friday. Among the casualties was copper, the ubiquitous base metal that could be found inside electric wires and on circuit boards.
As the Wall Street Journal Dollar Index gauged the greenback at its strongest level since 2003 against a basket of 16 other currencies, spot copper prices retreated to $6,309 a tonne, just $3 shy of an almost five year low struck last month. Because copper is denominated in U.S. dollars, a stronger greenback weighs on demand as the commodity becomes more expensive for buyers using other currencies...............................................Full Article: Source
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