SEBI Registration NO.---- INA000001530 Investment in stock and commodity market are subject to market risk. Please do not trade on those tips which are not provided through SMS or messenger.

Dollar strength hurts copper futures, 27 January Update

Dollar strength hurts copper futures, 27 January Update

Copper futures fell over 1% during evening trade in the domestic market on Friday as investors & speculators exited their positions in the industrial metal on strength in the US dollar & slow trading in Asian markets with the world’s biggest industrial metals consumer, China shut for the week-long Lunar New Year holiday. Further, a rally in copper prices was spurred by fears over potential disruption of supply from Indonesia & Chile. A stronger dollar makes dollar-denominated assets such as copper costlier for holders of other currencies.

At the MCX, copper futures for February 2017 contract is trading at Rs 401.20/kg, downward by 1.41 %, after opening at Rs 405, against a last closing of Rs 406.95. It touched the intra-day low of Rs 399.85.

2
 
error: Content is protected !!