Copper declines on active profit-taking

Copper prices declined on Thursday even as the dollar fell against a basket of major rivals amid profit-taking after piercing an important support. 

Recent US data showed consumer prices rose 6.5% in December y/y, the slowest since October 2021, and down from 7.1% in the previous reading. 

US consumer prices actually fell 0.1% in December m/m, the worst such reading since May 2020, and matching estimates, and compared to November's 0.1% increase.

The dollar index fell 0.3% to 102.8 as of 15:10 GMT, with a session-high at 103.2, and a low at 102.3. 

Copper futures due in March fell 0.5% to $4.14 a pound as of 15:08 GMT.