Copper prices are reversing from three-month highs ahead of the weekend with the futures market coming under heavy selling pressure on Friday. Copper prices are now down almost 5% from the 3-mth highs printed on Wednesday. A hawkish shift in Fed rate expectations on the back of the FOMC this week has seen USD soaring higher, putting pressure on risk assets across the board. Coppr prices had been on a firm run higher over recent weeks, reinforced by firmly dovish Fed expectations. Indeed, the US govt shutdown was seen as likely increasing the need for additional Fed easing. However, the Fed caught traders off-guard ... (full story)