Dollar Weakness Sparks Short Covering in Coffee Futures
12/4 00:58
May arabica coffee (KCK25 ) today is up +13.45 (+3.92%), and May ICE robusta coffee (RMK25 ) is up +160 (+3.24%). Coffee prices today are sharply higher as a selloff in the dollar index (DXY00 ) to a 3-year low has fueled short covering in coffee futures. Also, supply fears......