Copper falls as firmer dollar continues to pressure metals

Economies.com
2019-04-25 14:08PM UTC

Copper prices fell alongside other metals during today's trading, as the dollar rallied against most major currencies.

 

reports on the US-China trade negotiations remain mixed despite the US President Donald Trump stating that "things are going well."

 

A new round of trade negotiations between the two countries will start on April 30 in Beijing, followed by another round in Washington.

 

A White House adviser said that a trade deal between Washington and Beijing is not the end of the ongoing dispute, amid expectations of new tensions.

 

The dollar index (against a number of major currencies) rose by 0.1% to 98.1 points at 13:55 GMT, with a high of 98.3 points and a low of 97.9 points.

 

In terms of trading, by 13:50 GMT, copper futures (May delivery) fell by 1.3% to $2.87 per pound, with the highest at $2.92 and the lowest at $2.86.

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