Copper rises in Asia as traders weigh Fed decision
Copper is higher in Asian trade as traders focus on the Fed’s policy decision later Wednesday; analysts cited expectations of a Fed rate hike and a potentially stronger dollar.
Copper rose in Asian trade as traders focused on the Fed’s policy decision due later Wednesday, Baocheng Futures analysts said in a note. The analysts said the expected Fed rate hike is almost a certainty and could result in a stronger dollar. They added that trading activity may ease slightly ahead of the decision.