Copper rises 1% on falling dollar

Copper prices rose on Friday, as the US dollar fell against most majors after the release of disappointing economic data.

Copper inventories in the Shanghai and London metal exchanges fell during September, which lifted prices.

The US Department of Labor reported today that the economy has added 194,000 new jobs in September, missing forecasts of 490,000.

The unemployment rate fell to 4.8% from 5.2% in September, better than forecasts of 5.1%.

The dollar index fell against a basket of major currencies by 0.1% to 94.1 points as of 14:04 GMT, after hitting a high of 94.3 points and a low of 93.9 points.

Copper December futures rose 1.1% to $4.228 a pound, as of 13:57 GMT.