☕ Coffee soars above 120 📈

In spite of unfavourable conditions on the BRL market, a price of coffee climbed back above 120 cents per pound. Coffee price is being boosted by continued decline in stockpiles on global exchanges. Potential further weakness on the USD market could trigger declines on USDBRL. In such a situation, coffee price could approach local highs from the beginning of August.

Coffee prices jumps above 120 cents per pound. More volatility could be present around BRL market open. Source: xStation5

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This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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