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Copper Falls to Lowest Since May as Traders Mull Dollar Strength
Copper slipped to the lowest since May as traders assessed continued strength in the dollar and bond yields, as well as low liquidity during a weeklong holiday in top consumer China. A rally in the greenback — driven by bets the Federal Reserve will maintain tighter monetary policy than its peers — has pressured commodities priced in the currency. While a gauge of the dollar softened on Wednesday, it was near the highest level since November. US companies added the fewest number of jobs since the start of 2021 in September, suggesting labor demand in several industries is slowing. Private payrolls rose 89,000 ... (full story)