Coffee continues to rebound

Softs - Coffee continues to rebound amid global market recovery
08.20.07, 10:41 AM ET

LONDON (Thomson Financial) - Coffee continued to rebound from last week's losses, buoyed by recovering global markets following the Federal Reserve's decision to cut the discount rate on Friday.

Commodity prices had been lower across the complex last week, with coffee posting losses for four consecutive days, as investor confidence was roiled by fears of a global credit crunch in the wake of the US subprime crisis.

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