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Copper futures settle lower as US dollar strengthens overseas

31 Jul 2025 Evaluate
Copper futures settled lower on Wednesday as the US dollar strengthened against its major peers overseas after the US Federal Reserve kept its key interest rate unchanged again and gave no signal it plans to lower rates in September despite criticism from President Donald Trump. Copper prices weakened further after Trump shocked traders by exempting the most widely imported form of copper from his planned tariffs.

Copper futures for September delivery lost $0.0395 to settle at $5.5860 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down by 1.02 percent at $9,698.50 a ton.

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