Copper advances to 3-week high on expectation for monetary stimulus

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Source: Bloomberg
© Scanpix/Par
Copper reached highest level in three weeks amid speculation the Federal Reserves and the People's Bank of China will continue monetary expansion. Copper futures for September settlement advanced 2.3% to $3.161 per pound as of 11:10 a.m. on the Comex in New York as China and the U.S., the largest metal consumers in the globe, maintain dovish stance.
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Fri, 12 Jul 2013 06:43:05 GMT

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The Indian Rupee is poised for the first weekly increase since May as authorities are trying to reduce speculation and expand Dollar supply. The currency was also helped by the Fed's and BoJ's indication of continued monetary stimulus. The Rupee has jumped 0.6% to 59.89 per U.S. Dollar so far this week, while it slid 0.3% today.

Thu, 11 Jul 2013 15:11:05 GMT

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