Dollar Weakness Boosts Cocoa Prices
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May ICE NY cocoa (CCK25 ) Tuesday closed up +194 (+2.48%), and May ICE London cocoa #7 (CAK25 ) closed up +74 (+1.21%). Cocoa prices on Tuesday settled moderately higher as a slide in the dollar index (DXY00 ) to 5-month low sparked short covering in cocoa futures. Cocoa prices…
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