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Commodities Fall on Wednesday as USD Rebounds

Commodities across the board are selling off on Wednesday as the emerging market currency crisis continues to wreak havoc in global markets.

Metals in particular are suffering as a higher dollar caused by the EM currency sell-off pushes commodity prices sharply lower.



Copper is being hit, dropping to a low not seen in over a year. The industrial metal, used in electronics and wiring, is down by close to 4% at 11.50 a.m. BST (6.50 a.m. ET), trading at just $5,884 per metric tonne, according to Markets Insider data. It has not been below $6,000 since summer 2017.

Other metals are also feeling the pain, with aluminium down 3%, lead losing 2.9%, and platinum falling 3.3% on the day.

Via Business Insider

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