| From INO: Copper futures rallied Tuesday largely in line with other commodities as the U.S. dollar weakened, traders and analysts said. "It's just a general bounce in all of the commodity markets," said Edward Meir, analyst with MF Global. "The dollar weakened after being stronger earlier today. I think there is a lot of short covering going on."
Just ahead of copper's close, the euro was up to $1.4782 from an early low of $1.4631. A weaker dollar tends to help commodities such as copper by making them cheaper in other currencies.The September copper contract rose 11.35 cents to settle at $3.4285 per pound on the Comex division of the New York Mercantile Exchange. December, which now has higher open interest, climbed 11.8 cents to $3.4270. .... Full Article: Source
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