Coffee edges lower despite falling dollar
2021-02-09 14:32PM UTC

Coffee prices fell on Tuesday, despite the US dollar's drop against its peers.


Coffee future contracts were lifted from the recent rebound in demand for agricultural commodities, which boosted the prices of other commodities like coffee.


Coffee was also lifted by the coronavirus pandemic and the lockdown restrictions in many countries.


Johns Hopkins University reported that the number of Covid-19 infections rose to more than 107 million cases worldwide, with a death toll of more than 2.5 million victims.


The dollar index fell against a basket of major currencies by 0.3% to 90.6 points as of 14:17 GMT, after hitting a high of 90.9 points and a low of 90.5 points.


As of 14:18 GMT, coffee futures fell 0.2% to $1.23 per pound.

Commodities News

Oil News


Oil extends gains, US crude clocks in 4.5%% weekly profit
2024-03-01 22:08PM UTC
Oil prices advanced on Friday as investors await OPEC+ decisions on supplies, expected to extend ...
Oil News


Oil prices scale 4-month high on speculation about OPEC+ cuts
2024-03-01 13:32PM UTC
Global oil prices rose in European trade on Friday on track for the second straight session, with ...
Silver News


Silver on track for seconc weekly loss in a row
2024-03-01 09:41AM UTC
Silver prices fell in European trade on Friday, resuming losses and approaching two-week lows, ...

Commodities Technical Analysis

Oil Analysis


Evening update for Crude oil price 01-03-2024
2024-03-01 17:10PM UTC
Crude oil price traded with strong positivity to surpass our first waited target at 80.00 and open ...
Gold Analysis


Evening update for Gold 01-03-2024
2024-03-01 17:10PM UTC
Gold price rallied upwards strongly to surpass our first target at 2065.70 and confirm opening the ...
Brent oil Analysis


Midday update for Brent oil 01-03-2024
2024-03-01 10:40AM UTC
Brent oil price shows positive trades now to test the sideways range’s resistance line that ...