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Monday 19 February 2018

Copper prices ended with gains as support seen as the dollar continued to decline- 19 FEB 2018

Copper on MCX settled up 0.75% at 461.5 as support seen as the dollar continued to decline. The dollar slipped to a three-year low against a basket of currencies, headed for its biggest weekly loss in two years, as bearish factors offset support the U.S. currency could take from rising Treasury yields. The U.S. currency has been weighed down by a variety of factors this year, including concerns that Washington might pursue a weak-dollar strategy and the perceived erosion of its yield advantage as other countries start to scale back their easier monetary policy. 

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