Dollar Strength Spurs Long Liquidation in Cocoa Futures
May ICE NY cocoa (CCK23 ) on Tuesday closed down -54 (-1.69%), and May ICE London cocoa #7 (CAK23 ) closed down -26 (-1.15%). Cocoa prices Tuesday posted moderate losses, with London cocoa falling to a 1-week low. A stronger dollar Tuesday sparked long liquidation pressure in cocoa futures. Also,...
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