Summary Box: Commodities sag on stronger dollar

AP News
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Posted: Oct 27, 2010 3:33 PM
Summary Box: Commodities sag on stronger dollar

COPPER MELTS: Copper fell Wednesday as the dollar strengthened on building concerns about the Fed's plan to stimulate the economy.

AWAITING THE FED: The Federal Reserve is expected to announce a plan next week to boost economic growth. The speculation centers on whether the policymakers will buy Treasurys and how much they will spend.

DOLLAR'S EFFECT: Commodities have been volatile recently on the movement of the dollar. Since commodities are priced in dollars, a stronger dollar makes them less attractive to buyers using foreign currencies.