Copper futures ended lower on Monday, driven by the escalating trade dispute between the world’s two biggest economies, while China’s central bank allowed the Yuan to breach the key 7-per-dollar level for the first time in more than a decade, in a sign Beijing might be willing to tolerate more currency weakness that could further inflame the trade conflict.
Copper futures for September delivery fell $0.0275 to settle at $2.5440 a pound, on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange closed down 0.8 percent at $5,685 a ton.
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