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London copper prices fell on Wednesday, retreating from a six-week high hit in the previous session, as the US dollar held firm on expectations for early interest rate hikes from the Federal Reserve.
Three-month copper on the London Metal Exchange was down 0.4 percent to $9,725 a ton. On Tuesday, prices hit their highest since Nov. 25 at $9,812.
The most-traded February copper contract on the Shanghai Futures Exchange rose 0.6 percent to 70,210 yuan ($11,018.69) a ton.
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The dollar hovered close to a two-week high hit in the previous session against a basket of major currencies while scaling a five-year peak against the Japanese yen. — Reuters
