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Message: Copper Falls as Dollar Strengthens, Curbing Commodities’ Appeal

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Copper Falls as Dollar Strengthens, Curbing Commodities’ Appeal

posted on May 27, 09 08:07AM

Copper Falls as Dollar Strengthens, Curbing Commodities’ Appeal

By Ted Bunker

May 27 (Bloomberg) -- 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.

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