US copper futures extended their morning losses on Tuesday on the back of a stronger dollar, which rose after the Federal Reserve warned of the inflationary impact of a weaker American currency, traders said. Copper for July delivery was trading down 1.35 cents at $3.5830 a lb by 10:20 am EDT (1420 GMT) on the New York Mercantile Exchange's Comex division.
The morning range spanned from $3.5630 to $3.6120. By 9 am, futures volumes were estimated at 3,745 lots.
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