Dollar Weakness Boosts Cocoa Prices
September ICE NY cocoa (CCU26 ) is up +305 (+5.32%) today, and September ICE London cocoa #7 (CAU26 ) is up +167 (+4.05%). Cocoa prices are sharply higher today, with NY cocoa posting a 1.5-week high. Today’s slump in the dollar index ($DXY ) to a 2.25-month low is bullish...
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