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.
Copper steady ahead of Fed rate decision
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Posted - 06/25/2008 : 20:45:12
