Stronger greenback puts the brakes on copper’s rally

- June 16th, 2009

Copper Investing News reports copper fell today on a stronger dollar. Copper for three-month delivery fell 3.4 per cent, to $5,055 a tonne on the London Metal Exchange. Copper futures for July delivery fell 7.4 cents, or 3.1 per cent, to $2.2995 a pound on the New York Mercantile Exchange’s Comex division. In Shanghai, copper … Continued

Copper Investing News reports copper fell today on a stronger dollar.

Copper for three-month delivery fell 3.4 per cent, to $5,055 a tonne on the London Metal Exchange. Copper futures for July delivery fell 7.4 cents, or 3.1 per cent, to $2.2995 a pound on the New York Mercantile Exchange’s Comex division. In Shanghai, copper fell by the exchange-imposed 5 per cent daily limit.

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