empty
 
 

19.02.202603:47:30UTC+00Copper Slips Amid Strong Dollar

Copper futures slipped to about $5.78 per pound on Thursday, paring gains from the previous session as the US dollar strengthened on the back of solid economic data and hawkish signals from the Federal Reserve. Minutes from the Fed’s January meeting showed a divided committee: some policymakers indicated that rate cuts would be appropriate if disinflation continues, while others argued for keeping rates elevated for longer and even highlighted the risk of additional tightening should inflation prove persistent.

In response, traders slightly scaled back expectations for the pace of Fed easing this year, though markets still price in two 25–basis point cuts before year-end. Copper prices also came under pressure from rising exchange inventories and subdued demand, with economic activity in top consumer China muted during the week-long Lunar New Year holiday.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In February we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback