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Bank of Korea likely to keep key interest rate on hold at 0.50 pct in November

Swiss franc likely to gradually depreciate against euro in coming months

U.K.’s flash PMI indices indicate decline in business activity in November, composite index falls to 47.4

U.S. vehicle sales fall again in November

FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)

Canada's economy shows growth in July, but growth stalled in

U.S. personal income and spending rose less than expected in August

FxWirePro: Daily Commodity Tracker - 21st March, 2022

United States building permits

U.S. existing home sales decline in August

U.S. Consumer Confidence falls in September

Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December

U.S. existing home sales rise above expectations in October

Bank Indonesia keeps key interest rate on hold at 3.75 pct

U.S. durable goods orders sustain robust growth

Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed

Philippine central bank keeps interest rate unchanged at 2 pct

Weak Brazilian real pushes price of Arabica coffee to 20-month low

Friday, September 11, 2015 9:39 AM UTC

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The price of Arabica coffee shed 4% yesterday and closed at a 20-month low of 113 US cents per pound. The further depreciation of the Brazilian real was to blame for the falling coffee price. 

After ratings agency Standard & Poor's downgraded Brazil's credit rating to junk level on Wednesday, the Brazilian currency plunged to its lowest level since October 2002. 

The correlation between Arabica coffee and the Brazilian real on the basis of daily changes increased in early September to its highest level in two years. 

"The price came under additional pressure from rainfall in the growing regions and the resulting increased expectation of a good coffee crop in Brazil next year", says Commerzbank. 

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