Copper futures settled lower on Friday as the US dollar jumped to six-week highs amid strong US data, that fuelled expectations of aggressive rate hikes by the US Federal Reserve. But, signs of recovery in Chinese demand limited further fall in copper prices.
Copper futures for March delivery lost $0.0270 to settle at $4.1085 a pound on the comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.39 percent at $8,987.50 a ton.