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Copper poised for biggest weekly fall in 12 as U.S. dollar rises

From cnbc.com

Benchmark London copper fell on Friday and was on track for its biggest weekly drop since mid-August, pressured as the U.S. dollar strengthened after the Federal Reserve kept intact its plans to continue raising interest rates. The Fed has raised its key policy rate three times this year, and the market expects another rate hike in December on the back of a robust U.S. economy, rising inflation and solid jobs growth. While fundamentals have been supporting copper prices, U.S.-China trade tensions have been capping gains in the metal used in power and construction. Copper hit a 4-1/2-year high in June. "We ... (full story)

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  • Category: Fundamental Analysis