Commodities
Copper Climbs to Two-Week High as Weak Dollar Boosts Metals
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Copper climbed to a two-week high as London Metal Exchange trading resumed following the Easter break, with base metals benefiting from a recent dollar rout.
A softer greenback can support industrial commodities because it makes them cheaper for buyers in other currencies. A Bloomberg gauge of the dollar dropped to a 15-month low on Monday, when the LME was on the second of a two-day trading pause for the holiday. Copper rose as much as 2.3% on Tuesday.