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Rich Asplund

Coffee Prices Slip on Dollar Strength and Risk-Off Mood in Asset Markets

Ice Brazil Vietnam USDA Volcafe

July arabica coffee (KCN24) today is down -2.20 (-0.97%), and July ICE robusta coffee (RMN24) is down -109 (-2.58%).

Coffee prices today are under pressure, with robusta falling to a 2-week low.  Today's rally in the dollar (DXY00) to a 5-week high and risk-off sentiment in asset markets from political uncertainty in France is undercutting coffee prices.  Robusta coffee is also weighed down by an increase in supplies after ICE-monitored robusta coffee inventories rose to an 11-month high of 5,796 lots on Thursday.

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