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Recent News:
  • Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.   
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Copper futures drop as demand comes in question

Aug 28, 2012 01:51 PM

Copper futures were slipping in value on Tuesday as nebulous circumstances about the economic outlook clouded the industrial metal's path, according to Reuters.

Investors were not prompted to act aggressively by the economic data that was released on Tuesday but the central bankers meeting scheduled for later this week in Jackson Hole, Wyoming, is continuing to grow in stature and prominence. One analyst expressed doubt about a monetary easing program by the central bank of the U.S.

"Investors are likely to stay on the sidelines ahead of the meeting in Jackson Hole," analyst Andrey Kryuchenkov witih VTB told the news source. "[Chairman of the U.S. Federal Reserve Ben] Bernanke will probably reiterate that the Fed will keep interest rates low until 2014 and remain accommodative, but I don't think we can expect more quantitative easing, so markets could be disappointed."

At 1:31 p.m. on Tuesday, copper futures fell 0.43 percent, a 0.015 cent loss to $3.4675 per pound.

The Wall Street Journal reports Tuesday's losses were attributable to preoccupations about demand for the industrial metal.

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