# Dollar rise drags copper lower on hawkish U.S. Fed comments | Financial Post

> Copper fell 0.9% to $9,832 a tonne on the LME after Fed Chair Powell signaled a March rate hike, lifting the dollar to its highest since July 2020. Low LME warehouse stocks limited losses, and the US canceled Antofagasta's Twin Metals mine leases.

- Date: 2022-01-27 · published 2022-01-27T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/43047-dollar-rise-drags-copper-lower-on-hawkish-u-s-fed-comments-financial-post
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar makes metals costlier for global buyers, but the report covers only base metals, so grain and feed impact is limited.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-09-23 | [Gold prices ease as dollar firms on Fed rate hike comments \| Financial Post](https://feedsoft.ai/events/44965-gold-prices-ease-as-dollar-firms-on-fed-rate-hike-comments-financial-post.md) | +1.0% | -0.0% |
| DXY | 2020-09-22 | [Dollar rises on hawkish comments; stocks end up](https://feedsoft.ai/events/7693-dollar-rises-on-hawkish-comments-stocks-end-up.md) | +1.1% | -1.0% |
| DXY | 2022-11-03 | [Copper sags after Fed unnerves investors and dollar rallies \| Financial Post](https://feedsoft.ai/events/38597-copper-sags-after-fed-unnerves-investors-and-dollar-rallies-financial-post.md) | -1.0% | -4.2% |
| DXY | 2020-09-17 | [Dollar edges higher as Fed outlook lifts U.S. yields \| Financial Post](https://feedsoft.ai/events/7697-dollar-edges-higher-as-fed-outlook-lifts-u-s-yields-financial-post.md) | +1.6% | +0.6% |
| DXY | 2020-03-31 | [Yen declines on year-end U.S. dollar demand \| Financial Post](https://feedsoft.ai/events/54348-yen-declines-on-year-end-u-s-dollar-demand-financial-post.md) | +0.7% | +0.5% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/dollar-rise-drags-copper-lower-on-hawkish-u-s-fed-comments

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