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Rich Asplund

Cocoa Prices Climb as Dollar Weakness Spurs Short Covering

Ice London Ivory Coast NY Ghana ICCO

May ICE NY cocoa (CCK26) on Friday closed up +84 (+2.66%), and May ICE London cocoa #7 (CAK26) closed up +56 (+2.37%).

Cocoa prices settled higher on Friday as a weak dollar ($DXY) prompted short covering in cocoa futures.

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