Copper futures closed lower in the domestic market on Thursday as dollar strengthened after U.S. data revived expectations of an imminent Fed rate rise, while higher inventories reinforced negative sentiment.
The dollar was bolstered by an unexpected drop in domestic jobless claims last week calming some worries about U.S. economic growth decelerating in the second quarter.
A higher U.S. currency makes dollar-denominated commodities more expensive for non-U.S. firms, meaning they will buy less.
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