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Barchart
Rich Asplund

Cocoa Prices Settle Mixed on Currency Fluctuations

Ice NY Ivory Coast ICCO London Ghana the International Cocoa Organization

May ICE NY cocoa (CCK26) on Tuesday closed down -6 (-0.20%), and May ICE London cocoa #7 (CAK26) closed up +22 (+1.04%).

Cocoa prices are settled mixed on Tuesday as currency fluctuations affected prices.  Tuesday's rally in the dollar index ($DXY) to a 3.25-month high undercut NY cocoa, while Tuesday's decline in the British pound (^GBPUSD) to a 3-month low boosted London cocoa.  

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