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Barchart
Barchart
Rich Asplund

Sugar Prices Rebound as the Dollar Slumps

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May NY world sugar #11 (SBK26) on Tuesday closed up +0.20 (+1.46%), and May London ICE white sugar #5 (SWK26) closed up +13.00 (+3.16%).

Sugar prices recovered from 6-week lows on Tuesday and rallied sharply after the dollar index ($DXY) tumbled to a 6-week low, which sparked short covering in sugar futures.  

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