US copper futures teetered around unchanged on Friday, with traders saying they thought heavy selling this week had run its course, but the resurgent dollar was limiting any attempts to the upside. July futures hit new 3-month lows on Friday, but activity was light and prices were only moderately lower. "We came in this morning continuing the selling (from Thursday) a little bit, but not enough to keep it down. Even on more selling in London it could not stay down. So I think we're coming back," said one broker.
At the COMEX division of the New York Mercantile Exchange, benchmark July copper was off 0.60 cent at $1.37 a lb., but fluctuated around unchanged in a $1.3625-$1.3850 range.
On Thursday, July futures tumbled nearly 5 percent to $1.3710, a bottom last seen on Feb. 11.
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