Copper Rises to 27-Month High as Dollar’s Drop Boosts Metals
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Copper rose to the highest price in almost 27 months after the dollar extended a slump, boosting the appeal of commodities as alternative investments.
The greenback fell against a basket of major currencies to the lowest level since January after a private report based on payrolls showed unexpected job losses in September. The Reuters/Jefferies CRB Index of 19 raw materials climbed to the highest level in almost nine months, led by energy and precious metals.