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LME Copper Falls on Strong Dollar as Fed Rate-Hold Odds Rise to 62%

Commodities Forex

2026-07-28 23:28:50

XCU-0.49%

According to Jin10 Futures, on Tuesday, July 28, LME copper fell amid a stronger U.S. dollar and rising expectations for Federal Reserve interest rate decisions. Market participants are monitoring the Fed's upcoming policy announcement, with futures markets pricing in a 62% probability the central bank will maintain rates unchanged this week, versus a 38% probability of at least a 25 basis point hike—up from 16% a week prior. Higher rates could suppress industrial metal demand by constraining economic activity.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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