Tuesday, July 24, 2007

Coffee Rises Most in Seven Weeks in New York on Weakening of U.S. Dollar

(Bloomberg) -- Coffee rose the most in seven weeks
in New York as the weakening U.S. dollar made futures more
affordable to buyers holding other currencies.

The dollar today touched $1.3852 against the euro, a record
low. The New York Board of Trade's dollar index, a gauge of the
currency's international value, fell to the lowest since
September 1992.


Read more at Bloomberg Commodities News

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