Copper futures edge higher on lower USD

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Source: Forexpros
© Scanpix/RS

Copper futures increased on Tuesday moving close to the two-week high due to weaker dollar on the rising hopes for the euro-zone. Weaker dollar often increases demand for industrial metals as they become an alternative investment option being less expensive for buyers using other currencies. On the Comex division of the New York Mercantile Exchange, copper futures for March delivery achieved USD3.385 a pound at the European morning trade, edging 0.41%.

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Wed, 30 Nov 2011 12:52:23 GMT

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