Coffee futures shed nearly one percent in American trade

Economies.com
2017-01-30 19:13PM UTC

Coffee futures shed nearly one percent in American trade as the dollar index rose according to their inverse relation, which follows earlier U.S. data on personal income, spending, and pending home sales last month.
 
As of 08:01 GMT, coffee futures slid 0.74% to $153.70 a pound from the opening of $154.30, with an intraday high at $154.50, and a low at $152.15, while the dollar index rose 0.06% to 100.49 from the opening of 100.43.
 
Earlier data from the world's largest economy showed personal income up 0.3% in December, up from 0.1% in November, which was revised higher from zero, while analysts expected a 0.4% rise.
 
Personal spending rose 0.5% in December, above expectations of 0.4%, and compared to November's 0.2% rise.

Finally, pending home sales rose 1.6% in December, matching expectations and compared to November's 2.5% drop.

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