Australian mining majors fall as strong greenback hits copper prices
13/08/2026 06:54
BUZZ-Australian mining majors fall as strong greenback hits copper prices ** Australian mining stocks .AXMM fall as much as 1%, adding to the broader benchmark's .AXJO 0.2% decline
** Copper prices fell alongside broader industrial metals as the dollar strengthened after U.S. inflation data left expectations for next month's Federal Reserve interest rate decision unaffected
** Sector leaders BHP BHP.AX and Rio Tinto RIO.AX fall as much as 0.7% and 3.8%, respectively
** Both stocks on pace for second straight day of losses
** YTD, AXMM up 18.2%, including the day's moves, eclipsing AXJO's 5.4% rise
(Reporting by Nikita Maria Jino in Bengaluru)
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