Price of copper1 Feb 2022 16:39
This is now the deciding fact. Markets ironically starting to factor in rates not raising so fast due to economic woes so dollar drops, commodities improve
Feb 1 (Reuters) - Benchmark copper prices rose in light Asian trading on Tuesday, as the U.S. dollar lost ground and risk sentiment improved after Federal Reserve policymakers allayed investor fears of a rapid pace of monetary tightening.
Three-month copper on the London Metal Exchange was up 0.6% at $9,558 a tonne, as of 0712 GMT.
The metal often seen as a leading barometer of global economic health dipped 2.2% in January, pressured by the dollar's strength that makes greenback-priced metals more expensive, and Fed Chairman Jerome Powell's more hawkish remarks last week.