The Conversation (0)
Copper Pushed Down Further by Strong Dollar, Chinese Demand
Jul. 05, 2013 05:05AM PST
Base Metals Investing Reuters reported that copper continued its descent for a second session in a row, bowing under pressure from a rising dollar and continued concern over strength of major consumer China’s demand
Reuters reported that copper continued its descent for a second session in a row, bowing under pressure from a rising dollar and continued concern over strength of major consumer China’s demand.
As quoted in the market report:
The weakness today is mostly a combination of negative economic sentiment, stronger dollar and continuing outflows of investors from the commodity space,” Commerzbank metals analyst Eugen Weinberg said.
