Dollar Strength Prompts Long Liquidation in Cocoa Futures
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December ICE NY cocoa (CCZ24 ) today is down -222 (-2.80%), and December ICE London cocoa #7 (CAZ24 ) is down -48 (-0.83%). Cocoa prices today are moderately lower as a rally in the dollar index (DXY00 ) to a 2-1/4 month high sparked long liquidation in cocoa futures. Losses…
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