Dollar Weakness is Supportive for Cocoa Prices
March ICE NY cocoa (CCH26 ) today is up +68 (+1.56%), and March ICE London cocoa #7 (CAH26 ) is up +5 (+0.16%). Cocoa prices are moving higher today as a plunge in the dollar index (DXY00 ) to a 4.25-month low has sparked short covering in cocoa futures. However,...
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