# Copper sags after Fed unnerves investors and dollar rallies | Financial Post

> Copper prices slumped after the Fed did not signal a clear slowdown in rate hikes, and the dollar index rallied. Copper later recovered some losses after the Las Bambas mine in Peru began cutting operations because of blockades. Three-month LME copper was down 0.8% at $7,566 a tonne.

- Date: 2022-11-03 · published 2022-11-03T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/38597-copper-sags-after-fed-unnerves-investors-and-dollar-rallies-financial-post
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar and expectations of prolonged tight policy weigh on base metals, while supply disruptions from mine blockades provide some offsetting support. For feed buyers, the signal is mainly through dollar strength and broader commodity sentiment.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-09-23 | [Dollar rallies as Fed, COVID-19 and recovery worries swirl \| Financial Post](https://feedsoft.ai/events/7695-dollar-rallies-as-fed-covid-19-and-recovery-worries-swirl-financial-post.md) | +0.8% | -1.4% |
| DXY | 2020-09-09 | [Dollar and yen rise as tech selloff sends investors to safety \| Financial Post](https://feedsoft.ai/events/51342-dollar-and-yen-rise-as-tech-selloff-sends-investors-to-safety-financial-post.md) | -0.7% | -0.2% |
| DXY | 2022-01-27 | [Dollar rise drags copper lower on hawkish U.S. Fed comments \| Financial Post](https://feedsoft.ai/events/43047-dollar-rise-drags-copper-lower-on-hawkish-u-s-fed-comments-financial-post.md) | +0.1% | +0.7% |
| DXY | 2021-07-27 | [Canadian dollar falls as China stock sell-off spooks investors \| Financial Post](https://feedsoft.ai/events/46272-canadian-dollar-falls-as-china-stock-sell-off-spooks-investors-financial-post.md) | -0.5% | +0.6% |
| DXY | 2023-05-26 | [C$ posts weekly decline as investors eye higher U.S. rates \| Financial Post](https://feedsoft.ai/events/36184-c-posts-weekly-decline-as-investors-eye-higher-u-s-rates-financial-post.md) | -0.7% | -1.5% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/copper-sags-after-fed-unnerves-investors-and-dollar-rallies-3

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