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2 Stocks Poised to Plunge as Dollar Rises

Michael Kramer

The rising U.S. dollar threatens to push down copper prices by about 8% in the coming months, according to a technical analysis, after a rally that pushed up the price of the metal by 11% over the past year. Copper prices are nearing a technical breakdown, and should the price of copper fall below $2.90, a technical support level, it could fall to $2.69, a drop of 8.2%, from its current price of $2.91.