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Rich Asplund

EXPLAINED: Ny cocoa prices slip as the dollar rallies - The Real Truth

Ice NY ICCO Ivory Coast London

July ICE NY cocoa (CCN25) Monday closed down -97 (-1.06%), and July ICE London cocoa #7 (CAN25) closed up +55 (+0.83%).

Cocoa prices on Monday settled mixed due to currency fluctuations. Monday's rally in the dollar (DXY00) to a 1-month high undercut NY cocoa prices. However, Monday's fall in the British pound (^GBPUSD) to a 4-week low boosted London cocoa prices.

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