Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Technology › Copper Declines as Fed Stance and Strong Dollar Weigh On Metals
Technology

Copper Declines as Fed Stance and Strong Dollar Weigh On Metals

Copper Declines as Fed Stance and Strong Dollar Weigh On Metals
Bloomberg Markets Monday 29 June 2026, 02:47 UTC By Charlie Zhu, Winnie Zhu 1 min read
Key Points

Commodities Copper Declines as Fed Stance and Strong Dollar Weigh On Metals Copper fell as the Federal Reserve’s hawkish stance and a rising US dollar continued to weigh on sentiment toward industrial metals. Three-month futures dropped toward $13,300 a ton in London, following two weekly declines. Fed policymakers have signaled growing support for interest-rate hikes in the coming months to combat sticky US inflation.

Commodities Copper Declines as Fed Stance and Strong Dollar Weigh On Metals Copper fell as the Federal Reserve’s hawkish stance and a rising US dollar continued to weigh on sentiment toward industrial metals. Three-month futures dropped toward $13,300 a ton in London, following two weekly declines. Fed policymakers have signaled growing support for interest-rate hikes in the coming months to combat sticky US inflation. That stance tends to aid the US currency, posing a headwind for raw materials.
Fed Stance and Strong Dollar Weigh On Metals Commodities Copper (ORG) Fed Stance and Strong Dollar Weigh On Metals Copper (ORG) the Federal Reserve’s (ORG) US (LOCATION) London (LOCATION) Fed (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

Baidu shares jump 7% as AI chip arm Kunlunxin said to target $50 billion Hong Kong IPO

Hong Kong-listed shares of Baidu surged more than 7% Monday on reports that its artificial intelligence chip unit Kunlunxin is targeting an initial public offering in the city, which could value its affiliate at $50 billion. Prospective investors were asked to buy semiconductors worth three to seven times the value of their intended investment in Kunlunxin's planned listing, The Information reported Sunday, citing two sources familiar with the matter. Baidu confidentially filed a listing...

CNBC 12m ago

Trafficked, beaten and raped: raids reveal scale of abuse of women in Asia’s cyberscam centres

As tens of thousands are freed, female survivors are increasingly reporting gender-based violence in the compounds, previously thought to hold mainly menLate one evening in October 2023, Sarah* felt labour pains starting. It was 11pm, but at the cyberscam compound inside Laos’ Golden Triangle, workers were logging on for a long night shift, scamming Americans online. Every night, workers sat at their computers until the early hours, building fake profiles of glamorous, jet-setting women on...

The Guardian UK 21m ago

Age verification is just a precursor to automated attribution of speech

Lots of US states, European countries, and Australia have introduced "age verification" regulations. They present it as the classic "save the children" talking point, but it's really just a precursor to attribution of speech, particularly attributing your words to your real identity. This is the state's dream; your words, undeniably tied to your real life identity.

Hacker News 39m ago

GM-Backed Self-Driving Firm Momenta Seeks $752 Million From Hong Kong Listing

GM-Backed Self-Driving Firm Momenta Seeks $752 Million From Hong Kong Listing Autonomous-driving firm Momenta Global Ltd. started taking investor orders for its Hong Kong initial public offering to raise HK$5.9 billion ($752 million), pouncing on a multiyear high for share sales in the city. The Suzhou-based company, which is backed by General Motors Co. and Tencent Holdings Ltd., is offering about 19.9 million shares at HK$295.60 each, according to its listing document dated Monday. At that...

Bloomberg Technology 1h ago