21.06.2016 - Copper Rises on Risk Appetite, Weaker Dollar
Copper prices gained on Monday, boosted by an increased investor appetite for risk and a weaker U.S. dollar. Copper for July delivery was recently up 1.9% at $2.0895 a pound on the Comex division of the New York Mercantile Exchange. The WSJ Dollar Index, which measures the greenback against 16 other currencies, was down 0.7% at 85.45. A weaker dollar tends to help dollar-denominated commodities like copper, which becomes cheaper for other currency holders as the dollar falls...............................................Full Article: Source
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