LIVE FUTURES REPORT 23/09: Base metals slump on strong dollar, turnover high

The London Metal Exchange base metals prices remained under pressure on Wednesday September 23, with the benchmark prices for all metals retreating during the day’s trading.

Fastmarkets analyst Boris Mikanikrezai noted that the US dollar pushed higher for a fourth consecutive day, “producing deflationary pressure on commodity prices.” The general dollar index was last seen at 94.22, up by 0.24. “Copper has now rolled back yesterday’s entire gain,” ED&F Man Capital Markets commodity analyst Edward Meir said in a report, “and we are seeing fresh...

Published

Rijuta Dey Bera

September 23, 2020

18:22 GMT

New York