BLBG: Copper Prices Decline in New York as Dollar Strengthens
By Ted Bunker
Oct. 1 (Bloomberg) -- Copper futures fell in New York as the dollar strengthened after the International Monetary Fund raised its growth outlook for the global economy and said U.S. inflation will remain “subdued.”
Copper futures for December delivery dropped 4.55 cents, or 1.6 percent, to $2.7735 a pound at 8:15 a.m. on the New York Mercantile Exchange’s Comex unit. The U.S. Dollar Index, a six- currency gauge, climbed as much as 0.7 percent.
