Bloomberg Anywhere Bloomberg Professional About Bloomberg


Copper Prices Climb in New York as Dollar Declines Against Euro

By Ted Bunker

Nov. 9 (Bloomberg) -- Copper futures rose in New York, halting a two-session slump, as the dollar slid against the euro, spurring demand for the metal as an inflation hedge.

Copper futures for December delivery climbed 4.15 cents, or 1.4 percent, to $2.994 a pound at 8:10 a.m. on the New York Mercantile Exchange’s Comex unit. The dollar fell as much as 1.1 percent against the European currency and traded at $1.4987 per euro at 8:10 a.m. in New York.

Last Updated: November 9, 2009 08:10 EST

Sponsored links