Copper prices ignore rate cut

- December 19th, 2008

Copper Investing News reports price of copper has fell more than 55% this year due to the global recession. Copper fluctuated this week, first it declined, and then it pared losses as the US dollar plunged against the Euro, spurring demand from investors seeking alternative assets.  A weakness in the dollar may spark a rally … Continued

Copper Investing News reports price of copper has fell more than 55% this year due to the global recession.

Copper fluctuated this week, first it declined, and then it pared losses as the US dollar plunged against the Euro, spurring demand from investors seeking alternative assets.  A weakness in the dollar may spark a rally for all the commodities. However, copper’s response to the Greenback’s fluctuation has been non traditional, historically a far greater spike would be expected. 

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