US copper futures climbed from two-week lows early on Tuesday, with a falling dollar and slightly optimistic housing data providing an early lift, as investors awaited a US Federal Reserve policy statement later in the day. Copper for May delivery firmed 5.60 cents, or 1.7 percent, to $3.3710 per lb by 10:35 am EDT (1435 GMT) on the New York Mercantile Exchange's COMEX division.
Range from $3.31 to $3.3765. On Monday, May copper settled at a two-week low of $3.3150. COMEX estimated copper futures volume at 13,284 lots by 10 am. Copper up in mild recovery from previous day's losses, with dollar weakness front-running Federal Reserve statement, said Frank Lesh, broker and futures analyst with Future Path Trading in Chicago.
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