Copper jumps 2% as dollar slides

Copper prices rose on Wednesday, as the US dollar fell against most majors, amid optimism about the global economy, which lifts the demand for industrial metals, especially copper.

Investors are anticipating the US Congress to pass the Covid relief plan of $1.9 trillion proposed by President Joe Biden.

The dollar index fell against a basket of currencies by 0.1% to 90.3 points as of 14:42 GMT, after it hit a high of 90.5 points and a low of 90.2 points.

Copper March futures rose 1.9% to $3.79 per pound as of 14:37 GMT, with a high of $3.79 and a low of $3.71.