Coal Exporters See Price Drop Offset by Dollar: Chart of the Day
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The world’s largest coal exporters have been shielded from a drop in prices to five-year lows as a strengthening dollar has boosted earnings in local currencies.
The top panel in the CHART OF THE DAY shows the decline in dollar-priced coal contracts from the world’s five largest exporters from Sept. 5 to Dec. 12, according to data from McCloskey Inc. The bottom panel shows the change in local currency terms, where Russia led gains with a 53 percent increase in the period.