Copper futures settled down on Wednesday as the US dollar strengthened against its major peers, that makes copper more expensive for investors holding other currencies. Meanwhile, investors are cautiously awaiting on the US Federal Reserve’s interest rate decision next week. Moreover, worries over a lack of major stimulus measures in China also weighed on copper prices.
Copper futures for September delivery lost $0.0155 to settle at $3.8140 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.52 percent at $8,429 a ton.