Copper steadies as dip in US$ offsets worries about demand

London

COPPER prices edged into positive territory on Friday as a slightly weaker US dollar balanced worries that a recent rally was overshooting the supply-demand fundamentals.

Most industrial metals fell earlier in the European session, but erased their losses as the US dollar slipped after downbeat US data. A weaker US dollar boosts the purchasing power of commodities buyers holding other currencies.