BLBG: Copper May Decline in London as Dollar Rebounds Against Euro: LME Preview
Copper may decline in London as the dollar rebounded against the euro, making commodities more expensive for buyers in Europe.
Market News:
Metals News:
Metal Prices:
-- Copper dropped $2 to $7,943 a metric ton on
the London Metal Exchange at 7:20 a.m. Relative Strength Index
69.37.
-- Aluminum fell 0.7 percent to $2,302 a ton. RSI 69.35.
-- Zinc declined 1.2 percent to $2,220a ton. RSI 58.39.
-- Lead decreased 0.3 percent to $2,288 a ton. RSI 63.9.
-- Nickel gained 1 percent to $23,130 a ton. RSI 59.63.
-- Tin hasn’t traded. It fell 0.4 percent on Sept. 24.
Other markets: Last % Change % YTD
U.S. Dollar Index 79.367 -0.1 1.9
Crude oil $76.80 0.4 -3.2
Gold $1,299.88 0.3 19
MSCI World Index 1,185.6 0.2 1.5
Economic Events:
Forecast Prior Time
(London)
Chicago Fed Nat Activity Index AUG -0.5% 0.00 13:30
Dallas Fed Manf. Activity SEP -7.0 -13.5 15:30
To contact the reporter on this story: Maria Kolesnikova in Moscow at mkolesnikova@bloomberg.net.
To contact the editor responsible for this story: Claudia Carpenter at ccarpenter@bloomberg.net.
