As the United States Federal Reserve raised its interest rate, the dollar has strengthened in recent days. In addition, when Donald John Trump won the presidential election, the US dollar index rose 7 points from 95.89 to 102.
This was a new high in the last 14 years. All prices for metals such as nickel, zinc, copper are based on US dollars. After being hit by the strong US dollar, prices for all major metals have gone down these days.
US dollar index hits new high in 14 years
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Azovpromstal® 20 December 2016 г. 10:52 |
