Copper (XCU) Price Today, Forecasts & News | FX Empire

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Copper
XCU
Closed
5.0431
+0.1994 (+4.12%)
in:USD•As of: May 17, 2024 00:00 UTC
Prev. Close
4.8436
High
5.0515
Low
4.8126

Stats

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Prev. Close

4.8436

High

5.0515

Low

4.8126

Ask

5.0446

Bid

5.0416

Spread

0.0030

Price Drivers

Positive

EUR/USD

GDP Annual Growth Rate Across the Globe

Value:$1.08710

Stronger EUR/USD is bullish for copper as copper is quoted in U.S. dollars

Negative

United States Interest Rate

United States Inflation Rate

Value:5.50%

High U.S. Interest Rates are bearish for copper as they put pressure on copper consumption.

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Economic CalendarAll Events

Time zone: GMT

Friday, May 17th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
14:15	USD	Fed Waller Speech	Medium
16:00	RUB	GDP Growth Rate YoY PrelQ1	Medium	5.4%	5.3%	4.9%
16:00	RUB	Inflation Rate YoYApr	Medium	7.8%	7.8%	7.7%
16:00	RUB	Inflation Rate MoMApr	Medium	0.5%	0.5%	0.4%

Saturday, May 18th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
21:45	USD	Fed Kugler Speech	Medium

Sunday, May 19th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
19:30	USD	Fed Chair Powell Speech	High

Monday, May 20th 2024
Time	Currency	Event	Impact	Actual	Consensus	Previous
01:15	CNY	Loan Prime Rate 5YMay	Medium		3.95%	3.95%

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