Shanghai Futures Exchange copper climbed 0.8 percent to 46,230 yuan ($6,711) a tonne on Wednesday as the US dollar lost ground against the euro in the wake of the French election, making commodities more affordable for buyers paying with other currencies. Metal prices in general, however, are facing their weakest month since May 2016 as investors scale back bullish bets, Standard Chartered said in a report.
"We expect stagnant price trends to continue in Q2 as weaker physical market, monetary tightening onshore and Trump failings all weigh," it said.
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