Arabica coffee futures on ICE rebounded from a two-week low on Thursday, up for the first time in five sessions on support from a stronger Brazilian currency.
* July arabica coffee settled up 0.8 cent, or 0.7 percent, at $1.1955 per lb, after falling to a two-week low at $1.1835.
* Prices were boosted partly by a strengthening in top producer Brazil’s real currency against the dollar , traders said.
* The real had fallen to a 2016 low the prior session, which made dollar-denominated prices more attractive in local currency terms.
* Arabica prices rebounded after tapping a technical support level around $1.185, traders said.
* July robusta coffee settled down $4, or 0.2 percent, at $1,743 per tonne, after touching a three-week low of $1,728.
Copyright Reuters, 2018