Copper advances after two losing sessions

Economies.com
2016-12-30 13:33PM UTC

Copper prices rose on Friday as the year wraps up, after falling for two straight sessions, as the dollar tumbled against main currencies yesterday
 
Copper last traded at $2.504 a pound, up from the opening price of $2.492, with an intraday high at $2.514, and a low at $2.491.
 
Copper's recovery comes amid thin trading volumes and low liquidity in the markers due to the New Year holiday, which forced prices to waver today amid conflicting factors.
 
On the other hand, the dollar fell yesterday against main currencies, helping copper prices advance amid wavering, and as demand wanes on global stocks, buoying commodities.
 
The dollar index, tracking the greenback against an array of six major peers, rose to 102.16 from the opening of 102.04, with an intraday high at 102.52, and a low at 102.52, after the index hit an intraday low yesterday at 101.46.

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