Copper prices attempt to rise as dollar drops

Copper prices rose on Thursday as the dollar gave up ground against main currencies, underpinning the industrial metal according to their inverse relation.
 
Copper last traded at $2.509 a pound, up from the opening price of $2.503, with an intraday high at $2.526, and a low at $2.500.
 
Copper's rise comes as negative pressures wane on commodities in the markets as the dollar fell, while commodity demand rises in the markets.
 
On the other hand, the dollar fell today on profit-taking, which helped the greenback-denominated copper futures according to their inverse relation.
 
The dollar index, measuring the greenback against a basket of six major counterparts, fell to 102.84 from the opening of 103.16, with an intraday high at 103.55, and a low at 102.59, after the index rose to a 14-year peak last week at 103.62.