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Barchart
Barchart
Rich Asplund

Dollar Strength Weighs on Coffee Prices

May arabica coffee (KCK26) today is down -7.30 (-2.40%), and May ICE robusta coffee (RMK26) is down -38 (-1.08%).

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

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