Coffee futures add over one percent in American trade

Economies.com
2017-02-21 19:46PM UTC

Coffee futures rose over one percent in American trade, shrugging off the dollar's rise against a basket of currencies, which follows a spate of data from America.
 
As of 08:44 GMT, coffee futures rose 1.54% to $151.85 a pound from the opening of $149.55, with an intraday high at $152.50, and a low at $149.50, while the dollar index rose 0.46% to 101.41 from the opening of 101.11.
 
Earlier data from the world's largest economy showed the flash manufacturing PMI for February down to 54.3 from 55.0 in January, revised lower from 55.1, while analysts expected 54.6.
 
The services PMI also fell to 53.9 from 55.6 in January, also revised lower from 55.1, while analysts expected 55.8, before Federal Reserve Bank of Philadelphia President Patrick Harker spoke about the economic outlook at the Wharton School of Business, in Pennsylvania earlier today.

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