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Wednesday, 06/25/2008 8:59:39 AM

Wednesday, June 25, 2008 8:59:39 AM

Post# of 83044
Good Morning, CPRK'ers!

Metals - Copper steady ahead of Fed rate decision
06.25.08, 7:53 a.m. ET


LONDON (Thomson Financial) - Copper was steady on Wednesday ahead of an interest rate decision from the U.S. Federal Reserve, with investors waiting to see the future direction of the dollar.

At 11:27 a.m., London Metal Exchange (LME) copper for three-month delivery was at $8,370 per tonne, up slightly from $8,350 at the close on Tuesday.

Base metals investors have been closely tracking movements in the dollar in recent months, with the greenback's decline spurring investment in hard, dollar-priced assets as a hedge against its weakness.

Full Story:
http://www.forbes.com/afxnewslimited/feeds/afx/2008/06/25/afx5151004.html


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