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Barchart
Barchart
Rich Asplund

Dollar Strength Spurs Long Liquidation in Cocoa Futures

December ICE NY cocoa (CCZ24) Thursday closed down -57 (-0.77%), and December ICE London cocoa #7 (CAZ24) closed down -13 (-0.22%).

Cocoa prices Thursday fell back from 1-week highs and settled lower after the dollar index (DXY00) recovered from a 1-week low and moved higher, which sparked long liquidation pressure in cocoa futures after the sharp rally seen earlier this week.

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