(Bloomberg) -- Copper in Shanghai rose on speculation a fall in the dollar may encourage buyers in China and Europe to purchase the metal used to make wires and pipes.
The dollar dropped to an all-time low against the euro on April 27 after a government report showed the U.S. economy grew at the slowest pace in four years. The depreciation makes copper, traded in dollars, less expensive for buyers using other currencies. The U.S. currency has fallen 3.8 percent against the yuan in the past year as copper rose 1.7 percent in Shanghai.
Read more at Bloomberg Commodities News
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