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Copper futures settle lower on strong dollar overseas

18 Jun 2026 Evaluate
Copper futures settled lower on Wednesday due to strong dollar overseas after US Federal Reserve officials hinted more strongly at the potential for higher interest rates while assessing the inflationary impact of the US-Iran conflict. A strong US dollar makes copper more expensive for international buyers who use other currencies. Copper prices weakened further as market caution persisted after US President Donald Trump threatened further strikes if Iran failed to honour its commitments.

Copper futures for July delivery fell $0.01 to settle at $6.4935 a pound on the Comex metals division of New York Mercantile Exchange. However, Copper on the London Metal Exchange was up by 0.29% at $13,814.50 a ton.