Tuesday, September 22, 2009

Copper Prices Rise on Dollar Weakness

Copper prices

Copper prices have been going back and forth, along with the strength of the U.S. dollar, which has reached major one-year lows on the U.S. dollar Index, which measures the greenback against a basket of six other currencies.

Even so, with China cutting back on copper imports and copper stockpiles rising, it's not expected to sustain price increases until later in the fourth quarter and into 2010.

That means that copper, for now, will probably rise and fall in conjunction with the movement of the U.S. dollar, and will swing a lot until long-term and predictable demand kicks in.

Copper prices

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