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Barchart
Barchart
Rich Asplund

HISTORICAL FACTS: Dollar strength sends cocoa prices tumbling | History Defined

March ICE NY cocoa (CCH25) today is down -510 (-4.37%), and March ICE London cocoa #7 (CAH25) is down -123 (-1.35%).

Cocoa prices today are sharply lower as a rally in the dollar index (DXY00) to a 2-year high spurred long liquidation in cocoa futures.  Losses in London cocoa were limited today after the British pound (^GBPUSD) tumbled to an 8-1/4 month low, boosting cocoa priced in terms of sterling.

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