Copper prices are pushing higher through the middle of the week with the futures market up around 3%. The move comes amidst a changing outlook for the US Dollar on the back of yesterday’s softer-than-forecast US inflation data. Headline CPI dropped to 3.5% last month, down sharply from the prior month’s 4.2% reading and well below the 3.8% the market was looking for. With Fed rate hike expectations cooling accordingly commodities prices are pushing higher today and copper is benefiting firmly. Pricing for a Fed rate hike this month has now dropped by more than 50% with traders widely expecting the Fed to hold rates ... (full story)