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Copper prices dipped on Wednesday as investors anticipated another aggressive 75bp Fed hike. The dollar was near a two-decade high, and Shanghai announced infrastructure projects worth 1.8 trillion yuan to support the economy.
A stronger dollar makes dollar-priced commodities dearer for overseas buyers, while Chinese infrastructure spending offers some support to industrial demand.
brecorder.comReutersSep 21, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
