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On October 11, COMEX copper were reviewed

by:Deyuan      2020-12-23
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. 1855 dollars.

the Wall Street journal index rose $0. By 7% to 88. 25. 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. 79 dollars.

before Tuesday's price is for the organization of petroleum exporting countries ( OPEC) 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.
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