Copper Caps Biggest Loss in 8 Weeks as Dollar Gains

Copper capped the biggest decline in eight weeks in New York as a strengthening dollar reduced the appeal of industrial metals as alternative investments.

The Bloomberg Dollar Spot Index touched the highest in more than five months as service industries in the U.S. expanded in July at the fastest pace since December 2005. The Bloomberg Commodity Industrial Metals Index fell for the third time in four days, after posting four straight monthly gains through July on signs of improvements in U.S. manufacturing demand.