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Rich Asplund

Coffee Prices Recover as Dollar Weakness Spurs Short Covering

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December arabica coffee (KCZ26) closed up +4.00 (+1.45%) on Friday, and November ICE robusta coffee (RMX26) closed up +5 (+0.15%).

Coffee prices recovered from early losses on Friday and settled higher after the dollar index ($DXY) fell from a 7-week high and turned lower, sparking short covering in coffee futures.

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