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Copper futures trade higher in early deals as US dollar weakens

25 May 2026 Evaluate
Copper futures are trading higher in early deals on Monday, as the US dollar weakened against its major peers overseas and crude oil prices fell below $95 per barrel on signs that the United States and Iran were moving closer to a deal that could reopen the Strait of Hormuz, easing concerns over inflation and further interest rate hikes. While investors are focused on upcoming US PCE inflation data for further clues on the Fed’s policy outlook.

Copper futures for July delivery rose $0.05 or 0.78% at $6.4290 a pound on the Comex metals division of New York Mercantile Exchange.


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