Forex Journal

Copper may fall in New York from a 16-week high after the World Bank cut its forecast for global growth by the most in three years, casting doubt on prospects for demand. The economy will expand 2.5 percent this year, down from a June estimate of 3.6 percent, as a recession in the euro region threatens to worsen a slowdown in emerging markets, the bank said. Copper reached the highest price since Sept. 21 yesterday, helped by speculation about easing of monetary policy in China, where the weeklong Lunar New Year holiday starts Jan. 23. Full Story