BLBG: Copper Falls for Second Day as Dollar Strengthens: LME Preview
By Chanyaporn Chanjaroen
Aug. 11 (Bloomberg) -- Copper fell for a second consecutive day in London as a stronger dollar curbed demand for commodities including industrial metals.
Market News:
Metals News:
Metal Prices:
-- Copper fell $53, or 0.7 percent, to $7,247 a metric ton on
the London Metal Exchange at 7:36 a.m. Relative Strength Index
56.5.
-- Aluminum lost 0.8 percent to $2,153 a ton. RSI 59.2.
-- Zinc gained 0.2 percent at $2,090 a ton. RSI 60.4
-- Lead slipped 0.9 percent at $2,105 a ton. RSI 58.5.
-- Nickel declined 1.1 percent to $21,954 a ton. RSI 60.7.
-- Tin retreated 0.5 percent at $20,500 a ton. RSI 66.4.
Other markets: Last % Change % YTD
U.S. Dollar Index 81.472 0.7 4.6
Crude oil $79.67 -0.7 0.4
Gold $1,199.90 -0.4 9.4
MSCI World Index 1,142.28 -0.3 -2.2
Economic Events:
Forecast Prior Time
(London)
BOE quarterly inflation report 10:30
U.S. MBA mortgage applications -- 1.3% 12:00
To contact the reporter on this story: Chanyaporn Chanjaroen in London at cchanjaroen@bloomberg.net.
