Cocoa Prices Settle Higher as Dollar Weakness Induces Short Covering
March ICE NY cocoa (CCH26 ) on Friday closed up +112 (+3.77%), and March ICE London cocoa #7 (CAH26 ) closed up +133 (+6.25%). Cocoa prices rallied sharply on Friday as dollar weakness ($DXY ) spurred technical short covering in cocoa futures, which had reached deeply oversold levels following this...
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