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Rich Asplund

Cocoa Prices Mixed on Dollar Strength and British Pound Weakness

Ice ICCO British Pound NY Ivory Coast London the Ivory Coast

July ICE NY cocoa (CCN23) on Thursday closed down -9 (-0.30%), and July ICE London cocoa #7 (CAK23) closed up +29 (+1.26%).

Cocoa prices Thursday settled mixed.  NY cocoa was under pressure Thursday from a stronger dollar as the dollar index (DXY00) rallied to a 1-3/4 month high.  London cocoa found support Thursday from weakness in the British pound (^GBPUSD), which fell to a 3-week low.

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