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Advertisement

 
BLBG: Copper Falls From 14-Month High on Stronger Dollar: LME Preview
 
By Anna Stablum

Nov. 19 (Bloomberg) -- Copper slipped from a 14-month high in London as the dollar strengthened, making dollar-priced metals more expensive for holders of other monies.

Market News:

Metals News:


Metals Prices:

-- Copper declined 0.9 percent to $6,821 a metric ton on the
London Metal Exchange at 8:19 a.m. It reached $6,992 yesterday,
the highest intraday price since Sept. 24 last year. Relative
Strength Index 63.
-- Aluminum slid 0.7 percent to $2,051.5 a ton. RSI 65.
-- Zinc eased 0.3 percent to $2,240.5 a ton. RSI 58.
-- Lead fell 2 percent to $2,358 a ton. RSI 55.
-- Nickel was 1.5 percent lower at $16,890 a ton. RSI 43.
-- Tin fell 1 percent to $15,050 a ton. RSI 56.

Other markets: Last % Change % YTD
Dollar Index 74.997 0.6 -7.1
Crude oil $79.10 -0.6 77
Gold $1,138.88 -0.6 29
MSCI World Index 1,165.45 -0.5 27

Economic Events:
Forecast Prior Time
(London)
U.S. Initial Jobless Claims 504K 502K 13:30
U.S. Leading Indicators 0.4% 1.0% 15:00
U.S. Philadelphia Fed. 12.2 11.5 15:00
To contact the reporter on this story: Anna Stablum in London at astablum@bloomberg.net

Source