(Adds details, updates prices)

By Melanie Burton and Mai Nguyen

MELBOURNE/SINGAPORE, March 21 (Reuters) – London copper and most other base metals rose on Thursday, backed by a softer dollar after the U.S. Federal Reserve abandoned plans for a further rate rise this year, and by a lack of near-term supply.

The dollar nursed heavy losses in Asia after the Fed stunned markets by abandoning all plans to raise rates this year, a signal its three-year campaign to normalise policy might be at an end.


* COPPER: London Metal Exchange copper rose 1 percent to $6,518.5 a tonne by 0410 GMT, having touched a near three-week high earlier in the session. Prices are testing a resistance around $6,505, with a break of the $6,540-level

Read More At Article Source | Article Attribution