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Rich Asplund

Cocoa Prices Mixed on Currency Fluctuations

Ice ICCO European Union London the International Cocoa Organization

March ICE NY cocoa (CCH26) today is up +29 (+0.53%), and March ICE London cocoa #7 (CAH26) is down -28 (-0.69%).

Cocoa prices are mixed today. Currency fluctuations today are affecting cocoa prices. NY cocoa is higher today amid a weaker dollar, as the dollar index (DXY00) tumbled to a 5-week low. However, London cocoa is under pressure today after the British pound (^GBPUSD) rallied to a 5-week high, undercutting cocoa priced in sterling.

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