(Bloomberg) -- Copper gained in New York, erasing
earlier losses, on speculation that a weaker dollar will
encourage buyers holding other currencies to purchase the metal.
The dollar dropped the most in more than two weeks against
the euro. A change in the U.S. currency's value makes copper,
traded in dollars, more or less expensive for buyers using other
currencies. Before today, the metal had gained 24 percent this
year, as the dollar fell 3.3 percent against the euro.
Read more at Bloomberg Commodities News
earlier losses, on speculation that a weaker dollar will
encourage buyers holding other currencies to purchase the metal.
The dollar dropped the most in more than two weeks against
the euro. A change in the U.S. currency's value makes copper,
traded in dollars, more or less expensive for buyers using other
currencies. Before today, the metal had gained 24 percent this
year, as the dollar fell 3.3 percent against the euro.
Read more at Bloomberg Commodities News
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