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Barchart
Barchart
Rich Asplund

Coffee Prices Retreat as the Dollar Strengthens

May arabica coffee (KCK26) on Thursday closed down -7.80 (-2.56%), and May ICE robusta coffee (RMK26) closed down -54 (-1.53%).

Coffee prices fell sharply on Thursday amid pressure from a stronger dollar.  The dollar index ($DXY) recovered from a 6-week low on Thursday and moved higher, sparking long liquidation in coffee futures.  Losses in robusta coffee were limited amid tightness in current supplies as ICE robusta inventories fell to a 1.25-year low of 3,867 lots on Thursday.

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