LIVE FUTURES REPORT 03/06: LME copper down 3.5% on selloff prompted by stronger dollar

Positive employment data from the United States boosted the Dollar Index to its highest level since mid-May and triggered a selloff on the London Metal Exchange on Thursday June 3, with most metals' prices going down by 2-3%.

Copper's three-month contract on the LME was most affected on Thursday, with its closing price falling by 3.5% to $9,788.50 per tonne at the 5pm close, from $10,147 per tonne on Wednesday.
Copper's intraday low of $9,762 per tonne was the metal's lowest price since the last week of April. Strong selling was confirmed by the metal's volumes, which showed 23,600 lots traded by 5pm, its highest since mid-May.

Zinc's three-month price was also affected, with a 3.2% decrease to $2,984.50 per tonne...

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