Copper Pushed Down Further by Strong Dollar, Chinese 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.

To view the whole Reuters report, click here.