Cocoa Prices Sharply Higher as Dollar Weakness Spurs Short Covering
7/5 06:31
July ICE NY cocoa (CCN25 ) Tuesday closed up +407 (+4.78%), and July ICE London cocoa #7 (CAN25 ) closed up +124 (+1.96%). Cocoa prices rallied sharply Tuesday as a decline in the dollar index (DXY00 ) prompted short covering in cocoa futures. Signs that improved weather conditions in West......