Euro-zone Debt Concerns Guide Copper Market

- February 10th, 2010

    On Tuesday, easing concerns over euro-zone debt spelled relief for copper, and the metal rallied for the second day in a row. The euro has fallen 9 per cent from a 15-month high of $1.5145 reached in late November over fears about fiscal problems in Greece, Portugal and Spain. Last week, concerns that … Continued

 

 

On Tuesday, easing concerns over euro-zone debt spelled relief for copper, and the metal rallied for the second day in a row.

The euro has fallen 9 per cent from a 15-month high of $1.5145 reached in late November over fears about fiscal problems in Greece, Portugal and Spain. Last week, concerns that Greece would default on its debt wrecked havoc on the European Markets.  As a result, the Reuters/Jeffries CRB Index of 19 raw materials slumped to the lowest since October.

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