BLBG: Copper Declines in N.Y. as Dollar Climbs, Curbing Metal Demand
By Ted Bunker
Nov. 20 (Bloomberg) -- Copper prices slipped for a second straight day in New York as the dollar rose, eroding demand for the metal as a hedge against inflation.
Copper futures for March delivery declined 0.95 cent, or 0.3 percent, to $3.0965 a pound at 8:10 a.m. on the New York Mercantile Exchange’s Comex unit. The U.S. Dollar Index, a six- currency measure, climbed as much as 0.8 percent.
