Copper Gains as Dollar Drops, Making Metal Priced in U.S. Currency Cheaper

(Bloomberg) -- Copper rose more than 1 percent in
New York 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 exchange rates makes copper, traded in
dollars, more or less expensive for buyers using other
currencies. The metal has gained 25 percent this year, while the
dollar is down 3.7 percent against the euro.


Read more at Bloomberg Commodities News