Copper futures settled down on Friday as the US dollar strengthened after stronger than expected nonfarm payrolls data fuelled hopes that the US central bank will be in no hurry to lower interest rates. Moreover, hawkish comments from Dallas Fed President Logan and Fed Governor Bowman also dampened copper prices.
Copper futures for May delivery lost $0.0130 to settle at $4.2360 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.32 percent at $9,329.50 a ton.