Coffee prices spike on frost concerns

Coffee prices continue a strong rally this Friday on concerns over frost that could visit some of the areas in Brazil this weekend. Coffee gains nearly 2% today and is up a stunning 30% in a span of just 2 months! Prices are still nearly 10% below local highs from 2018. So far the coffee markets steals the show on Friday but traders still await the pivotal NFP report from the US that will be published at 2:30pm CEST (1:30pm BST) and can have an impact on indices and currencies.

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