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Copper edges up as dollar slips
Copper prices rose slightly on Wednesday, as the US dollar slipped against most of its peers, amid optimism following news about Covid-19 vaccines.
The American company Pfizer and the German firm BioNTech announced on Wednesday that the recent data from the final phase of the clinical trials on their Covid-19 vaccine showed it was 95% effective.
The vaccine was found to be effective in preventing the virus within 28 days after the first dose, and was consistent across age, especially the elderly.
Pfizer is preparing to apply for emergency authorization very soon in order to distribute the vaccine next December.
The dollar index fell against a basket of major currencies by 0.1% to 92.3 points as of 14:36 GMT, after hitting a high of 92.5 points and a low of 92.2 points.
Copper December futures rose 0.2% to $3.21 per pound as of 14:35 GMT, with a high of $3.25 and a low of $3.20.
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