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London copper climbs as dollar weakens

London copper prices rose on Wednesday after an emergency rate cut from the US Federal Reserve weakened the dollarNSE 0.98 %, making commodities priced in the greenback cheaper for buyers using other currencies.

The Fed cut interest rates by half a percentage point on Tuesday to shield the world’s largest economy from the impact of the global coronavirus epidemic, leading to broad-based selling in the US dollar.

Metal Tiger Plc (LON:MTR) is a London Stock Exchange AIM-listed investing company primarily focused on undervalued natural resource opportunities.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.