Copper Falls From 14-Month High on Stronger Dollar: LME Preview

By Anna Stablum

Nov. 19 (Bloomberg) -- Copper slipped from a 14-month high in London as the dollar strengthened, making dollar-priced metals more expensive for holders of other monies.

Market News:

Metals News:

Metals Prices:

-- Copper declined 0.9 percent to $6,821 a metric ton on the
London Metal Exchange at 8:19 a.m. It reached $6,992 yesterday,
the highest intraday price since Sept. 24 last year. Relative
Strength Index 63.
-- Aluminum slid 0.7 percent to $2,051.5 a ton. RSI 65.
-- Zinc eased 0.3 percent to $2,240.5 a ton. RSI 58.
-- Lead fell 2 percent to $2,358 a ton. RSI 55.
-- Nickel was 1.5 percent lower at $16,890 a ton. RSI 43.
-- Tin fell 1 percent to $15,050 a ton. RSI 56.

Other markets:      Last           % Change  % YTD
Dollar Index        74.997           0.6       -7.1
Crude oil           $79.10          -0.6       77
Gold                $1,138.88       -0.6       29
MSCI World Index    1,165.45        -0.5       27

Economic Events:
                               Forecast       Prior     Time
                                                      (London)
U.S. Initial Jobless Claims        504K         502K     13:30
U.S. Leading Indicators            0.4%         1.0%     15:00
U.S. Philadelphia Fed.             12.2         11.5     15:00

To contact the reporter on this story: Anna Stablum in London at astablum@bloomberg.net