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Copper futures trade higher on weak dollar overseas

20 Jan 2026 Evaluate
Copper futures are trading higher on Tuesday as the American currency weakened against its major peers overseas followed by US President Donald Trump’s threat to impose new tariffs on European countries opposing his proposal to purchase Greenland. Besides, tightness in the global copper market has also supported prices. Meanwhile, traders are eyeing the delayed US PCE inflation report due later this week that could provide more clues on the Federal Reserve's interest rate path.

Copper futures for March delivery rose $0.0495 or 0.85% at $5.8805 a pound on the Comex metals division of New York Mercantile Exchange.

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