# Copper prices rise as Fed messaging weakens the dollar | Financial Post

> Copper prices rose after the Fed signaled rate rises would end soon, weakening the dollar. Copper was near $9,135 a tonne on the LME, with demand expectations tied to China's reopening.

- Date: 2023-02-02 · published 2023-02-02T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/37237-copper-prices-rise-as-fed-messaging-weakens-the-dollar-financial-post
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Copper is not a feed input, so the direct effect on feed markets is limited, though the dollar weakness signal is relevant to dollar-priced commodities broadly.

## Read by commodity

- DXY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-06-10 | [Possible Fed move to cap yield rise could further weaken U.S. dollar \| Financial Post](https://feedsoft.ai/events/52807-possible-fed-move-to-cap-yield-rise-could-further-weaken-u-s-dollar-financial.md) | +0.8% | +0.8% |
| DXY | 2026-07-29 | [ING Says Dollar to Take Cue from Oil Prices If Fed Holds Rate \| Financial Post](https://feedsoft.ai/events/18262-ing-says-dollar-to-take-cue-from-oil-prices-if-fed-holds-rate-financial-post.md) | -0.9% | -2.0% |
| DXY | 2020-02-25 | [U.S. dollar falls as expectations of a Fed rate cut rise \| Financial Post](https://feedsoft.ai/events/54775-u-s-dollar-falls-as-expectations-of-a-fed-rate-cut-rise-financial-post.md) | -0.5% | +7.4% |
| DXY | 2019-12-12 | [Euro buoyed before ECB meeting as Fed forecast knocks dollar \| Financial Post](https://feedsoft.ai/events/55785-euro-buoyed-before-ecb-meeting-as-fed-forecast-knocks-dollar-financial-post.md) | -0.4% | -1.0% |
| DXY | 2021-10-28 | [Dollar falls on euro strength after ECB meeting as rates move \| Financial Post](https://feedsoft.ai/events/44744-dollar-falls-on-euro-strength-after-ecb-meeting-as-rates-move-financial-post.md) | +0.6% | +2.5% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/copper-prices-rise-as-fed-messaging-weakens-the-dollar-2

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