An Empirical Research on US Dollar,Oil and Metal Prices Based on VAR Model

In recent years,it is known that the US dollar depreciation and oil price escalation may account for nonferrous metal price soaring.This paper analyzes the interrelationship amomg nonferrous metal prices,US dollar value and oil price based on VAR models.It is suggested that gold and silver price increase significantly aginst US dollar depreciation.Though the price fluctuation of US dollar,oil,gold and silver may lead to a obvious impact on China's copper price,none of them mainly account for China's copper price escalation.Measures to avoid metals prices fluctuation caused by external factors is proposed.