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Barchart
Barchart
Rich Asplund

NY Cocoa Sees Support from Weaker Dollar

Ice NY ICCO London Ivory Coast

July ICE NY cocoa (CCN23) on Thursday closed up +1 (+0.03%), and July ICE London cocoa #7 (CAK23) closed down -6 (-0.26%).

Cocoa prices Thursday settled mixed, with NY cocoa posting a 1-week high and London cocoa falling to a 1-1/2 week low.  A slide in the dollar Thursday to a 1-week low boosted NY cocoa prices.  Meanwhile, a rally in the British pound (^GBPUSD) to a 2-week high undercut London cocoa prices.  

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