Commodities
Copper Advances on Lower Dollar as US and China Exchange Blows
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Copper rose as the dollar pushed lower after US President Donald Trump imposed a 10% tariff on goods from China and Beijing responded with a range of measures of its own.
Copper — a proxy for global growth — traded higher in London, while a gauge of the greenback fell as much as 0.8%. A weaker dollar makes copper cheaper for buyers in other currencies. Moments after Trump slapped a 10% tariff on goods from Beijing, China imposed tariffs on a range of US products and announced an investigation into Google.