Thec$Index is slightly higher as a result of mixed key currencies. BRIC currencies are mostly lower including the Yuan. USDMXN is 24.2369 +0.036 (+0.15%), USDCOP is 3,909.00 +6.15 (+0.16%) and USDBRL is 5.9231 on the CME, +.0379 against the spot close, +.66%
Bond futures continue higher as the investment world continues to anticipate negative rates in the US. Equities are lower except for NASDAQ which has been providing any visible strength compared to the other indices. Gold is higher as is crude. Grains are lower and softs are all higher.
The market is frozen presently but steady. The Real may continue to dampen prices but, for the negative move that the currency has had, coffee prices have been relatively moderately affected. It appears that whatever selling comes in is mixed but mostly new as commercials, delta, roasters and merchants, continue to buy. Nevertheless, we continue to have the balance of lower exports by producing countries with demand for stocks in consumer countries.
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