Copper Declines in London Trading as the Dollar Strengthens: LME Preview

Copper fell for the first time in a week in London trading as the dollar strengthened and on speculation the Federal Reserve may add less monetary stimulus than some expect.

-- Copper fell $79, or 0.9 percent, to $8,321 a metric ton on the London Metal Exchange at 6:58 a.m. local time. Relative Strength Index 65.8.

-- Aluminum dropped 0.5 percent to $2,365 a ton. RSI 58.

-- Zinc retreated 1 percent to $2,397.75 a ton. RSI 65.9.

-- Lead fell 1.4 percent to $2,390 a ton. RSI 61.1.

-- Nickel declined 1.4 percent to $23,701 a ton. RSI 52.5.

-- Tin dropped 1.8 percent to $26,250 a ton. RSI 66.7.

Other markets:      Last           % Change   % YTD

U.S. Dollar Index   77.385           0.5       -0.6

Crude oil           $80.62          -0.8        1.6

Gold                $1,361.45       -0.5       24

MSCI World Index    1,219.86        -0.3        4.4