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Markets

Copper eases on stronger dollar

  • The dollar extended its rebound from near three-year lows against major peers, supported by higher US yields, as President-elect Joe Biden prepared to outline his plans for massive fiscal stimulus.
Published January 14, 2021

HANOI: Copper prices fell on Thursday, as a stronger dollar buoyed by stimulus hopes and higher US yields made greenback-priced metals more expensive to holders of other currencies.

Three-month copper on the London Metal Exchange slipped 0.4% to $7,981 a tonne by 0328 GMT, while the most-traded March copper contract on the Shanghai Futures Exchange fell 0.2% to 58,720 yuan ($9,075.73) a tonne.

The dollar extended its rebound from near three-year lows against major peers, supported by higher US yields, as President-elect Joe Biden prepared to outline his plans for massive fiscal stimulus.

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