"The stronger dollar is part of it. But a lack of Chinese buying in the past few weeks has Return To Tiffany curbed the upside for copper. We need to see more activity there... that is what (investors) are waiting for," he said. China is the world's top consumer of base metals. Relieving some pressure, the euro came off Paloma Picasso four-month low against the dollar it hit earlier on Monday on worries about Europe's debt crisis. An appreciating dollar makes metals more expensive for holders of other currencies. China's copper imports fell two per Tiffany Rings on the month in December but the inflow in 2010 managed to reach a new record high, a feat that may be repeated in 2011, market watchers said. "With the week-long Chinese New Year holidays due in early February, Chinese participants may well look to delay any significant purchasing activity, particularly given current high prices," said Standard Tiffany Pendants in a research note.
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