19.05.2016 - Copper touches three-month low, hit by stronger dollar
Copper slid to its lowest in three months on Wednesday, pressured by the dollar which rose on renewed expectations of further U.S. interest rate hikes. Other industrial metals also joined the downdraft as copper reversed lower after three days of gains. The dollar climbed to a three-week peak against a basket of currencies, which makes paying for dollar-denominated metals with other currencies more expensive, after comments from Federal Reserve officials left open the potential for several rate increases this year...............................................Full Article: Source
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