Arabica Coffee Surges on Dollar Weakness and Tight ICE Inventories
September arabica coffee (KCU26 ) closed up +13.90 (+4.32%) on Friday, and September ICE robusta coffee (RMU26 ) closed down -11 (-0.29%). Coffee prices settled mixed on Friday, with arabica up sharply at a 1-week high. Friday’s decline in the dollar index ($DXY ) to a 7-week low is bullish...
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