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iPathA Series B Bloomberg Coffee Subindex Total Return ETN
The last few weeks haven’t been kind to coffee bulls. Even as other commodities are showing signs of bottoming - with some already trending higher - coffee prices have fallen to their lowest levels since last October. But the java’s fortunes should soon change, however, given the recent uptick in the Brazilian real and subsequent weakness in the U.S. dollar. Here we’ll discuss the factors which have suppressed prices while looking at the latest currency market developments which should ride to coffee’s rescue this month.
After hitting new contract lows, front-month coffee futures are in