(Updates prices)
HANOI, April 27 (Reuters) - Copper prices hit a 10-year high on Tuesday over supply worries in top producer Chile and as investors hope for an improvement in global demand amid a stable economic recovery and green investments.
The most-traded June copper contract on the Shanghai Futures Exchange jumped as much as 3.5% to 72,820 yuan ($11,230.38) a tonne, a level unseen since February 2011. It closed up 3% at 72,480 yuan a tonne.
Three-month copper on the London Metal Exchange hit $9,965 a tonne, its highest since March 2011, before retreating to $9,921 a tonne by 0705 GMT, still up 1.7%.
Copper is often used as a gauge for global economic health and is used in electric vehicles and renewable energy productions.
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LONDON (Reuters) - The dollar hovered above multi-week lows versus major peers on Tuesday, weighed by subdued Treasury yields ahead of the Federal Reserve’s policy decision this week, while the yen hardly budged after the Bank of Japan kept its policy on hold.
FILE PHOTO: A U.S. five dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File Photo
The safe-haven greenback was largely out of favour after world stocks started the week hitting a record high, although a slight pullback in markets on Tuesday helped keep it above the recent lows.