Most-active May coffee settled down 40 points, or 0.3%, at $1.3465 a pound.
The firming dollar knocked back commodity prices as coffee and other softs
were weaker along with metals and grains. Speculation that bullish U.S.
economic data released Wednesday would prompt the Federal Reserve to raise
interest rates boosted the greenback. Traders tend to sell dollar-denominated
commodities when a stronger dollar makes them more expensive. Coffee also saw
traders making their last rolls out of the March contract into May ahead of
first notice day Thursday, analysts said.
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