Copper falls to one-week low on profit-taking
2017-02-17 14:33:42 GMT (Economies.com)
Copper falls to one-week low on profit-taking

Copper prices fell on Friday to their lowest this week on profit-taking after hitting their highest since mid-2015 earlier this week, triggering sell orders as traders collect profits.
 
Copper last traded at $2.691 a pound, down from the opening of $2.707, with an intraday high at $2.735, and a low at $2.683.
 
Copper's current decline comes on profit-taking after surging earlier this week on strong manufacturing demand from China, as the country's imports and exports rise in general.
 
On the other hand, the dollar regained its footing today after stemming the recent decline, in turn hurting the greenback-denominated copper futures.
 
The dollar index, tracking the greenback against an array of six major rivals, rose to 100.62 from the opening of 100.52, with an intraday high 100.75, and a low at 100.45, after tumbling yesterday to a one-week trough.

 
 
 
 SymbolLastChangeChg.%
1.0562
-0.00
-0.17
1.2462
-0.01
-0.73
18.38
0.19
1.04
54.04
-0.34
-0.62
1257.20
7.83
0.63
 
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