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Or sign-in if you have an account.Higher rates act as a headwind to metals demand by raising borrowing costs for manufacturers, while a strong dollar makes commodities like copper more expensive for buyers using other currencies. Photo by SASCHA SCHUERMANN/AFP via Getty ImagesCopper edged higher, tracking small swings in the United States dollar as investors continue to assess the outlook for U.S. monetary policy.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe industrial metal was marginally higher on the London Metal Exchange, trimming an earlier gain of 0.9 per cent as a Bloomberg gauge of the dollar partially rebounded from a two-week low.Copper and other metals came under pressure in June as the dollar rallied on the back of signals that policymakers will pursue tighter monetary policy. But bets on rate hikes have been pared back this week after Federal Reserve Chairman Kevin Warsh on Wednesday said price risks are coming down.Higher rates act as a headwind to metals demand by raising borrowing costs for manufacturers, while a strong dollar makes commodities like copper more expensive for buyers using other currencies.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try again“The dollar retreated following the decline in oil prices and weakening U.S. employment data, which is benefiting copper,” said Li Xuezhi, head of research at brokerage Chaos Ternary Futures Co. “But the upsides will remain limited by continued weakness in traditional industries.” Copper bars and rods Photographer: Dhiraj Singh/BloombergIn other metals, aluminum traded little changed, having dropped back to pre-war levels on expectations of returning supplies from the Middle East. More vessels have been transiting the Strait of Hormuz since the U.S. and Iran struck an interim peace deal last month, paving the way for smelters in the region to start ramping up operations.Copper was 0.3 per cent higher at US$13,364 a ton on the LME as of 1:07 p.m. local time. Aluminum was little changed at US$3,089.50 a ton, while tin jumped 2.1 per cent.—With assistance from John Deane. 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