Tuesday, 5 December 2017

Copper Futures End Lower As Dollar Strengthens

Copper futures ended lower on Monday as dollar strengthened after the US Senate approved a tax overhaul at the weekend. A firmer US dollar makes commodities priced in the greenback more expensive to buyers using other currencies.

Copper futures for March delivery fell less than 0.1 percent to settle at $3.09 a pound on the Comex metals division of New York Mercantile Exchange. While, copper on the London Metal Exchange ended down 0.1 percent at $6,826 a metric ton.

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