Copper futures end lower as dollar strengthens

Copper futures ended lower on Friday as the dollar hit an over two-week high against a basket of major currencies, making dollar-denominated commodities such as copper cheaper for non-US firms, after strong jobs data for June.

 

Reports showing US employers added 224,000 jobs in June, and the unemployment rate edged up to 3.7 percent, the US Labor Department said in a report on Friday.

Copper futures for September delivery fell 0.8 percent to settle at $2.661a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange ended down 0.3 percent to $5,902 a metric ton.

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