Short Covering Emerges in Coffee Futures on Dollar Weakness
4/5 14:36
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......