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Copper futures retreated Tuesday, as concerns over Chinese growth and a rising greenback scared away risk adverse investors. Further exasperating the situation; the risk adverse investors appear to be flocking to the US dollar. China is especially critical to the copper market since the country is the world’s No. 1 consumer of the metal. …
Copper futures retreated Tuesday, as concerns over Chinese growth and a rising greenback scared away risk adverse investors. Further exasperating the situation; the risk adverse investors appear to be flocking to the US dollar.
China is especially critical to the copper market since the country is the world’s No. 1 consumer of the metal. Traders and analyst claim that the country’s stimulus plans are directly responsible for lifting the red metal’s price during 2009, when much of the Western world was in a recession.
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