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Barchart
Rich Asplund

UNCOVERED: Ny cocoa slips on dollar strength - Caught on Camera

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December ICE NY cocoa (CCZ24) today is down -69 (-0.79%), and December ICE London cocoa #7 (CAZ24) is up +51 (+0.73%).

Cocoa prices today are mixed, with London cocoa posting a 4-month high.  NY cocoa today fell back from a 2-month high and turned lower after a rebound in the dollar (DXY00) sparked long liquidation in cocoa futures.  However, London cocoa held its gains after the British pound (^GBPUSD) fell to a 4-1/2 month low.  The weaker pound boosts cocoa that is priced in sterling.

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