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 Copper steady ahead of Fed rate decision		  New Topic  New Poll New Poll
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agui
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Posted - 06/25/2008 :  20:45:12  Show Profile Send agui a Private Message  Reply with Quote
Copper was steady on Wednesday ahead of an interest rate decision from the U.S. Federal Reserve, with investors waiting to see the future direction of the dollar.

At 11:27 a.m., London Metal Exchange (LME) copper for three-month delivery was at $8,370 per tonne, up slightly from $8,350 at the close on Tuesday.

Base metals investors have been closely tracking movements in the dollar in recent months, with the greenback's decline spurring investment in hard, dollar-priced assets as a hedge against its weakness.

more news:http://www.worldscrap.com/modules/news/article.php?aid=7695
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