US MIDDAY: copper falls

04 Nov, 2009

US copper futures fell to a near two-week low early on Tuesday, weighed down by a stronger dollar, sliding equity markets and caution ahead of the start of a two-day Federal Reserve policy meeting. Copper for December delivery slips 2.20 cents at $2.9230 a lb by 10:20 am EST (1520 GMT) on the New York Mercantile Exchange's COMEX division.
Ranged from $2.9895 to $2.8950, its lowest level since October 21. COMEX estimated futures volume at 13,491 lots by 9 am.

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