Arabica coffee futures prices september 25 2015 : Arabica coffee futures jumped higher Friday following a leap in the Brazilian real that gave the currency its largest gain in nearly seven years. Brazil is the largest producer of arabica coffee in the world and the currency's meteoric fall against the dollar has been weighing down prices on the idea that coffee producers in that country are selling their dollar goods to take advantage of favorable exchange rates.
Arabica coffee futures for December rose +4.95 or +4.18% to $123.25 on the ICE Futures U.S. exchange.
Thursday Brazil's central bank restored some confidence stating that "they would use all available instruments" to stem the currency's slide to a record low of 4.2478 reais per dollar and the currency rallied as much as 7.5% before closing at 3.95 reais per dollar, the biggest gain since November 2008.
However traders warned that they expected the bounce to be temporary, From a fundamental view, there is no end of the crisis in sight at all.
Thursday Brazil's central bank restored some confidence stating that "they would use all available instruments" to stem the currency's slide to a record low of 4.2478 reais per dollar and the currency rallied as much as 7.5% before closing at 3.95 reais per dollar, the biggest gain since November 2008.
However traders warned that they expected the bounce to be temporary, From a fundamental view, there is no end of the crisis in sight at all.
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