MARKET UPDATE

MARKET UPDATE 9 PM AUGUST 21

Copper for September delivery HGU8 surged 11.55 cents or

3.4 percent at $3.5145 a lb by 10:30 a.m. EDT (1430 GMT) on

the New York Mercantile Exchange's COMEX division, its

highest level since Aug. 4, and near its morning peak at $3.5180.


* COMEX estimated futures volume at 9,798 lots by 10:00 a.m.

* "It's the usual suspects this morning -- the dollar and energies."

- Frank Lesh, broker and futures analyst with Future Path

Trading in Chicago.

* The dollar fell across the board as worries mounted over the

health of the U.S. financial sector.

* The U.S. dollar index .DXY, a gauge of its value against

a basket of six major currencies, was on track to post its

worst one-day fall in two months.

* The euro was up 0.6 percent versus the dollar at $1.4834 .