Copper eases
Reuters
Melbourne
Shanghai copper eased on Monday in thin trading, with the London and U.S. bourses shut for a long weekend, and as a stronger dollar and fading Chinese demand dragged prices towards their weakest monthly showing since November.
The dollar hit a one-month high against the yen early on Monday and stood tall against other peers after comments by Federal Reserve Chair Janet Yellen enhanced the prospect of a near-term U.S. interest rate hike.
The U.S. central bank should raise interest rates "in the coming months" if economic growth picks up and the labour market continues to improve, she said on Friday.
The dollar´s upward trend as a U.S. rate rise nears has weighed on commodity prices that have become more expensive for buyers paying with other currencies.
-
Leonardo DiCaprio's Girlfriend Vittoria Ceretti Given 'greatest Honor Of Her Life' -
Beatrice, Eugenie’s Reaction Comes Out After Epstein Files Expose Their Personal Lives Even More -
Will Smith Couldn't Make This Dog Part Of His Family: Here's Why -
Kylie Jenner In Full Nesting Mode With Timothee Chalamet: ‘Pregnancy No Surprise Now’ -
Laura Dern Reflects On Being Rejected Due To Something She Can't Help -
HBO Axed Naomi Watts's 'Game Of Thrones' Sequel For This Reason -
King Charles' Sandringham Estate Gets 'public Safety Message' After Andrew Move -
Lewis Capaldi Sends Taylor Swift Sweet Message After 'Opalite' Video Role -
Brooklyn Beckham Plunges Victoria, David Beckham Into Marital Woes: ‘They’re Exhausted As It Seeps Into Marriage -
Sarah Ferguson Joins Andrew In ‘forcing’ Their Daughters Hand: ‘She Can Lose Everything’ -
'Bridgerton' Author Reveals If Actors Will Be Recast In Future Seasons -
50 Cent Super Bowl Ad Goes Viral -
'The Housemaid' Lifts Company's Profits: Here's How -
Michael Douglas Recalls Director's Harsh Words Over 'Wall Street' Performance -
Henry Czerny On Steve Martin Created Humor On 'Pink Panther' Set -
Lady Victoria Hervey: Andrew Mountbatten-Windsor's Ex-girlfriend Proud Of Being On Epstein Files