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Rich Asplund

Short Covering Emerges in Coffee Futures on Dollar Weakness

Ice FAs StoneX United States Vietnam

July arabica coffee (KCN26) on Friday closed up +0.85 (+0.30%), and July ICE robusta coffee (RMN26) closed up +3 (+0.09%).

Coffee prices recovered from 1.5-week lows on Friday and settled higher after the dollar index ($DXY) fell to a 2-week low, which sparked short covering in coffee futures.

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