Copper futures settled down on Tuesday as the firm American currency makes copper more expensive for buyers using other currencies. However, some falls were limited by rising expectations for an outsized interest rate cut from the US Federal Reserve due later in the day and possibility of more reductions in the coming months.
Copper futures for December delivery fell $0.0005 to settle at $4.2730 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 0.21 percent at $9,370 a ton.