BLBG: Copper Falls as Dollar Strengthens, Curbing Commodities’ Appeal
Copper fell in New York as the dollar strengthened, making commodities less attractive as an alternative to holding the currency.
Copper futures for July delivery slid 3.1 cents, or 1.4 percent, to $2.11 a pound at 8:13 a.m. on the New York Mercantile Exchange’s Comex division. The U.S. Dollar Index, a six-currency gauge of the greenback’s strength, climbed as much as 0.5 percent, heading for a third straight gain.
