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Rich Asplund

Cocoa Prices Jump as Dollar Weakness Spurs Short Covering

Ice ICCO European Union London

March ICE NY cocoa (CCH26) today is up +430 (+8.44%), and December ICE London cocoa #7 (CAZ25) is up +171 (+4.52%).

Cocoa prices are sharply higher today, posting 1-week highs. Today's fall in the dollar index (DXY00) to a 1.5-week low has sparked short-covering in cocoa futures.

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