Copper Declines in New York as Stronger Dollar Cuts Metal Demand
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Copper futures fell in New York for the first time in three sessions as gains in the dollar reduced the metal’s appeal as an alternative investment.
The Bloomberg Dollar Spot Index, a gauge against 10 major trading partners, rose for a seventh session, heading for the longest streak since May. Copper dropped 11 percent this year amid signs that slowing economic growth would reduce metals consumption in China, the world’s top consumer.