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Barchart
Barchart
Rich Asplund

Coffee Prices Recover Early Losses and Settle Higher on Dollar Weakness

Ice Brazil Vietnam International Coffee Organization the USDA FAS

July arabica coffee (KCN24) on Tuesday closed up +4.80 (+2.45%), and July ICE robusta coffee (RMN24) closed up +34 (+1.00%).

Coffee prices Tuesday recovered from early losses and finished moderately higher as a decline in the dollar index (DXY00) to a 1-week low sparked some short covering in coffee futures.  

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