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Coffee Prices Settle Higher as Dollar Weakness Spurs Short Covering

December arabica coffee (KCZ26 ) closed up +0.50 (+0.21%) on Friday, and November ICE robusta coffee (RMX26 ) closed up ...

December arabica coffee (KCZ26 ) closed up +0.50 (+0.21%) on Friday, and November ICE robusta coffee (RMX26 ) closed up +21 (+0.61%). Coffee prices moved higher on Friday, with robusta posting a 5-week high as a weaker dollar has spurred some short covering in coffee futures. Excessively short positions by...

SOURCE: Nasdaq
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