Weak Real Helps Brazilian Exports But Weighs on Coffee ETNs
March 30, 2015 at 15:15 PM EDT
With the real currency depreciating, Brazilian farmers are dumping harvests on to the global markets, putting further pressure on the coffee prices and related exchange traded notes. The iPath Dow Jones-UBS Coffee Total Return Sub-Index ETN (NYSEArca: JO) declined 4.6% Monday while the iPath Pure...