July arabica coffee (KCN23) on Thursday closed down -2.95 (-1.59%), and July ICE robusta coffee (RMN23) closed down -88 (-3.55%).
Coffee prices Thursday moved lower, with robusta falling sharply to a 1-1/2 week low. Thursday's rally in the dollar index to a 1-week high sparked long liquidation in coffee futures. Coffee prices were also weighed down by demand concerns after Thursday's U.S. 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.
