New York on October 11, COMEX copper fell on Tuesday, because of the stronger dollar hit commodity market.
COMEX12 copper contract ended lower 1.
2 cents, or 0.
6%, to 2 per pound.
the Wall Street journal index rose $0.
By 7% to 88.
The dollar force the dollar-denominated commodities for holders of other currencies higher.
coming days China's largest copper consumer no important economic data, TDSecurities a strategist MikeDragosits said: & other;
The dollar is the main factor affecting the copper price.
decline in oil prices also on copper.
U. S. crude oil futures fell 0.
56 dollars, or 1%, at 50 a barrel.
before Tuesday's price is for the organization of petroleum exporting countries (
Said reaching a period of at least six months of global distributed protocol, and the market doubts the ease oversupply situation can make much effect.
price volatility will affect copper, usually because of a lot of funds to both to a basket of commodities trading, in which a larger share of crude oil.