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Barchart
Barchart
Rich Asplund

Cocoa Prices Slip on Strength in the Dollar and British Pound

Ice ICCO British Pound European Union London the International Cocoa Organization the Ivory Coast

March ICE NY cocoa (CCH26) today is down -5 (-0.09%), and March ICE London cocoa #7 (CAH26) is down -49 (-1.22%).

Cocoa prices are moving lower today.  A rebound in the dollar is weighing on NY cocoa prices after the dollar index (DXY00) today recovered from a 5-week low and turned higher.   London cocoa is under pressure on Wednesday after the British pound (^GBPUSD) climbed to a 5-week high, undercutting cocoa priced in sterling.  

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