Copper surges as dollar flags

Copper prices rose on Wednesday as the dollar slid against a basket of currencies, amid calm trading in the marked that underpinned commodities due to political tensions.
 
Copper last traded at $2.681 a pound, up from the opening price of $2.638, with a session-high at $2.691, and a low at $2.632.
 
Dollar returned lower against a basket of currencies after hitting a one-week high yesterday, underpinning the industrial metal today after tumbling recently, with the metal capitalizing on dollar's weakness.
 
Tensions grew in the markets due to the unstable U.S. policies, while Europe looks upon the French presidential campaign with concern, nudging investors towards alternative investments and underpinning demand on commodities.
 
The dollar index, gauging the greenback against a basket of currencies, rose to 100.24 from the opening of 100.44, with an intraday high at 100.64, and a low at 100.19, which comes after rallying earlier in the week.