Copper Sell-Off Pauses Copper prices continue to stabilise ahead of the weekend following heavy selling earlier in the week as a breakout move in USD hit commodities sentiment. Copper futures were down around 7.5% at the lowest on Wednesday but have not made any fresh push lower since as questions have started to emerge over the US inflation outlook in light of yesterday’s unchanged core PCE data and heavily lower oil prices. Hawkish Fed Shift Earlier in the week, copper came under heavy selling pressure as USD broke out to fresh YTD highs. Much of this move was driven by traders still digesting the June FOMC last ... (full story)