2010.10.1501:06:00UTC+00Rally in Base Metals Slows on Modest Gains in the Dollar

News:

• London Metal Exchange copper for delivery in three months rose $8 to $8,408 a tonne by 0304 GMT
• Third-month Shanghai copper fell 0.6 pct to 63,380 yuan
• Aluminium rose $5 to $2,415 after hitting its highest since April at $2,459 in the previous session
• Tin fell $145 at $26,805, after an all-time high of $27,338.50 struck Thursday

Quotes:

• "You can't call this a pullback, it's hardly even a pause. The weak dollar trend is here for the longer haul, and it's only going to support the powerful fundamental story," - dealer in Singapore
• "A much weaker U.S. dollar helped copper prices higher (Thursday). While the hope for further easing by the Fed has been fuelling this rally." - brokerage Triland Metals

Background:

• Dollar arrested early losses against a basket of major currencies on Friday on expectations the Fed will launch more QE to stimulate the U.S. economy