US MIDDAY: copper down

In New York, the COMEX September contract fell 1 cent to settle at $3.4160 per lb, after dealing between $3.4025 and $3.4555. Copper fell alongside the euro as traders cashed in on the gains registered last week and as the dollar rose against a basket of currencies.
A stronger dollar makes commodities less expensive for holders of other currencies. Investors weighed the likelihood of further stimulus measures later this week from the European Central Bank and US Federal Reserve. Both the ECB and the Fed are set to meet this week.