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Copper falls on firm US dollar as market awaits steer on demand outlook
Copper prices fell in London on Monday as the dollar held on to last week's gains and the market awaited Chinese data expected to shine a light on demand prospects in the world's biggest metals consumer. Three-month copper on the London Metal Exchange (LME) was down 0.8% at $8,396 a metric ton by 1133 GMT after touching its lowest since Dec. 13 at $8,377.50. "The U.S. dollar remains firm as market expectations for the next U.S. rate cuts are shifting out to May rather than March," said Nitesh Shah, head of commodities and macroeconomic research at WisdomTree. "Base metal prices are facing some downward pressure as a ... (full story)