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Tags: SMM interview,  base metal price forecast

SHANGHAI, Sept. 18 (SMM) – The dollar rose to a high following the US Federal Reserve’s interest rate meeting on Wednesday.

How to interpret the Fed’s announcement?

“The results of Fed’s policy meeting are in line with market expectations, and the dollar stays on its upward track”, said Jing Chuan, top analyst from CITICS Futures, in SMM’s latest interviews.
 
“A strong dollar will pressure the commodity market, and copper prices will lurch lower, but any downward room should be small”, said one analyst from Dayou Futures.
 
“Copper price in China’s domestic spot market could stay firm before the 7-day China’s National Day holiday in early October”, he added.
 
Another analyst from Guosen Futures also agreed that a rising dollar will push down the commodity market, and markets will be also exposed to the risk from the referendum on Scotland's independence on Sept. 18, suggesting investors should stay away from the copper market, and a short bet should be taken.   

from metal.com