Coffee price today
Arabica Coffee Prices Today
(ICE Futures US) - Historical data and stock market
Robusta Coffee Prices Today
ICE Futures Europe - Live chart Robusta international coffee
U.S. dollar index (USDX)
How do U.S. dollar index affect Coffee Price?
- The U.S. Dollar Index (USDX) is a measure of the value of the U.S. dollar relative to a basket of foreign currencies. It serves as a benchmark for the strength of the dollar in global markets. The relationship between the U.S. Dollar Index and coffee prices is primarily based on the fact that coffee is a globally traded commodity, and its prices are typically denominated in U.S. dollars.
- Conversely, when the U.S. Dollar Index weakens (meaning the dollar depreciates relative to other currencies), coffee prices may rise. This is because a weaker dollar makes coffee cheaper for buyers using other currencies, potentially increasing demand and pushing coffee prices higher.
- When the U.S. Dollar Index strengthens (meaning the dollar appreciates relative to other currencies), it can have a negative impact on coffee prices. A stronger dollar makes coffee more expensive for buyers using other currencies, which can reduce demand and put downward pressure on coffee prices.