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Barchart
Barchart
Rich Asplund

Cocoa Prices Settle Mixed on Forex Movements

Ice ICCO European Union London the International Cocoa Organization

March ICE NY cocoa (CCH26) on Wednesday closed up +49 (+0.90%), and March ICE London cocoa #7 (CAH26) closed down -28 (-0.69%).

Cocoa prices settled mixed on Wednesday.  Currency fluctuations on Wednesday affected cocoa prices.  NY cocoa rose on Wednesday amid a weaker dollar, as the dollar index (DXY00) tumbled to a 5-week low.  However, London cocoa was under pressure on Wednesday after the British pound (^GBPUSD) rallied to a 5-week high, undercutting cocoa priced in sterling.  

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