Copper Rebounds From Biggest Drop Since July as Dollar Slumps
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Copper prices rose, rebounding from the biggest drop in three months, as the dollar resumed a slide, enhancing the appeal of commodities as alternative investments.
The greenback fell as much as 1.4 percent against a basket of major currencies. Copper in New York slid 2.5 percent yesterday, the most since July 16, after China, the world’s biggest metal consumer, raised interest rates.