Long Liquidation Knocks Cocoa Prices Lower as the Dollar Strengthens
13/5 15:53
July ICE NY cocoa (CCN26 ) on Tuesday closed down -122 (-2.59%), and July ICE London cocoa #7 (CAN26 ) closed down -53 (-1.52%). Cocoa prices retreated on Tuesday, giving back some of their recent rally. Tuesday's stronger dollar ($DXY ) sparked long liquidation in cocoa futures. Losses in London......