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Barchart
Barchart
Rich Asplund

Coffee Prices Retreat on Dollar Strength and Demand Concerns

Ice Arabica Brazil United States Robusta USDA

July arabica coffee (KCN23) this morning is down -2.60 (-1.40%), and July ICE robusta coffee (RMN23) is down -62 (-2.50%).

Coffee prices this morning are under pressure from a rally in the dollar index to a 1-week high.  Coffee prices are also falling on demand concerns after today's U.S. economic news showed weekly jobless claims rose more than expected to a 1-1/2 year high, signaling a slowdown in the U.S. economy that may curb demand for commodities, including coffee.

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