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Fed raises interest rates will affect metal prices-18th China(Guangzhou)Int¡¯l Non-Ferrous Metal£¨Copper£©Exhibition
6/21/2017 Copper exhibition -non-ferrous metals expo |
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According to the report, the Fed (Federal Reserve System) rose interest rates and expected to reduce the scope of the balance sheet this year. The Fed¡¯s decision contributed to make the US dollar became stronger, but the metals prices faced pressure for dollar-denominated.
Among that, the U.S. dollar continued to decline affect by copper price rose the high point in the beginning of May. Recently, the Fed¡¯s policy resolution caused the copper price decreased in the LME (London Metal Exchange).
Some experts considered that the Fed raised interest rates influenced the metals market will generate the significant change. The Fed¡¯s currency policy expected to cause the metals prices uncertainty in the next two years.
-18th China(Guangzhou)Int¡¯l
Non-Ferrous
Metal£¨Copper£©Exhibition
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