Coffee and Brazilian Real

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Quotes on June 7th

KC: $133

BRRUSD: 1.8627

Quotes on June 28th

KC: $168

BRRUSD: 1.7828

 

Despite Brazilian real has appreciated the coffee has been quite aggressive upwards.

 

This would represent heavy losses in the trading system of currencySpot/futureCommodity: -US$7,350 on pain and true losses of about -$4k. A 50% draw down of accumulated profits so far in 2010…

 

 

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