# Copper and base metals benefit from the softer dollar

> Copper and base metals rose on July 30 as the dollar fell to one-week lows after the Fed kept rates steady. LME three-month copper rose 0.75% to $13,676 a tonne, and aluminium also gained on Middle East supply disruptions. Markets priced a 58% chance of a September hike, down from 81% before the statement.

- Date: 2026-07-30 · published 2026-07-30T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/18266-copper-and-base-metals-benefit-from-the-softer-dollar
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dollar and lower hike odds support metals and other dollar-priced commodities. Supply tightness in aluminium from the Middle East adds upward pressure.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-06-26 | [The US dollar is tanking! What it means for gold, copper, Bitcoin, and the global economy](https://feedsoft.ai/events/24110-the-us-dollar-is-tanking-what-it-means-for-gold-copper-bitcoin-and-the-global.md) | -0.9% | -0.6% |
| DXY | 2024-08-29 | [The U.S. Dollar and Commodity Prices \| news.cqg.com](https://feedsoft.ai/events/28700-the-u-s-dollar-and-commodity-prices-news-cqg-com.md) | +0.5% | -0.7% |
| DXY | 2023-02-02 | [Copper prices rise as Fed messaging weakens the dollar \| Financial Post](https://feedsoft.ai/events/37237-copper-prices-rise-as-fed-messaging-weakens-the-dollar-financial-post.md) | +1.3% | +2.1% |
| DXY | 2020-06-11 | [Baht strengthens as dollar falls after Fed meeting](https://feedsoft.ai/events/52893-baht-strengthens-as-dollar-falls-after-fed-meeting.md) | +1.2% | +0.8% |
| DXY | 2021-02-25 | [Weak U.S. Dollar Benefits Some Ag Commodities \| Feed & Grain](https://feedsoft.ai/events/48780-weak-u-s-dollar-benefits-some-ag-commodities-feed-and-grain.md) | +0.9% | +1.7% |

## Sources

- energynews.oedigital.com: https://energynews.oedigital.com/mineral-resources/2026/07/30/copper-and-base-metals-benefit-from-the-softer-dollar

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.