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Copper falls as dollar rally weighs on industrial metals
SINGAPORE: Copper prices receded slightly on Wednesday, weighed by rising oil prices and gains in the US dollar. Benchmark three-month copper on the London Metal Exchange was down 0.25% at $14,379 a metric ton by 0300 GMT. The dollar index, which measures it against a basket of currencies, rose 0.14% to 102.05. A stronger dollar can weigh on industrial metals by making them more expensive for buyers using other currencies. Copper was also pressured by higher oil prices, which rose as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen’s ...
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