A sharp increase in inflation expectations for the US Dollar this year have led to heightened volatility across global assets and affected copper and iron ore prices, market sources told Fastmarkets.
The rollout of several stimulus measures by the US government to help the economy recover following the fallout of the Covid-19 pandemic, including various monetary and fiscal policies, had caused inflation expectations to rise in the middle of 2020. These were further bolstered following news that US President Joe Biden had signed a $1.9 trillion coronavirus relief packaged on March 11.Meanwhile, Fastmarkets' iron ore index for 62% Fe fines, cfr Qingdao reached an a nine-year high...