The central bank of the globe's largest economy said on Wednesday it will barrel forward with the third round of quantitative easing, which it announced in September. The move aims to drive down interest rates as well and prompt a more vibrant economic recovery as the globe emerges from the Great Recession.
"The U.S. data has been improving. We think the U.S. housing market will be one of the real bright spots in the U.S. economy over the coming year and that could lead to a more sustained recovery in the economy and that will certainly be good for copper," commodity research head Nic Brown with Natixis told the news source.
At 1:09 p.m. on Thursday, copper futures fell 0.46 percent, a 0.0165 cent loss to $3.5515 per pound.
The Wall Street Journal reports the reddish metal tracked the downward dive of equity markets and the shared currency of the European Union.
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