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Barchart

Rich Asplund

Dollar Strength Weighs on Cocoa Prices

Ice London ICCO Ivory Coast European Union NY

September ICE NY cocoa (CCU25) today is down -121 (-1.48%), and September ICE London cocoa #7 (CAU25) is down -42 (-0.77%)

Cocoa prices are under pressure today from a stronger dollar after the dollar index (DXY00) rose to a 1.5-week high. However, losses in London cocoa were limited after the British pound (^GBPUSD) fell to a 2-week low, which boosts cocoa that is priced in terms of sterling.

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