Dollar Weakness Supports Coffee Prices
21/5 22:39
July arabica coffee (KCN25 ) Wednesday closed up +1.00 (+0.27%), and July ICE robusta coffee (RMN25 ) closed unchanged. Coffee prices recovered from early losses on Wednesday and settled mixed. Wednesday's decline in the dollar index (DXY00 ) to a 2-week low sparked short covering in coffee futures. However, an......