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Barchart
Barchart
Rich Asplund

Dollar Weakness Spurs Short Covering in Coffee Futures

Ice Brazil Vietnam USDA ICO

December arabica coffee (KCZ26) is up +5.10 (+1.85%) today, and November ICE robusta coffee (RMX26) is up +62 (+1.88%).

Coffee prices are climbing today, with arabica posting a 1-week high. Today’s slide in the dollar index ($DXY) has sparked fund short covering in coffee futures.

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