July ICE NY cocoa rose 103 points, or 2.73%, and July ICE London cocoa gained 86 points, or 2.98%, as prices climbed to 1.5-week highs. The move was driven by dollar weakness and short covering, indicating supportive flow and FX conditions rather than a fundamental supply shock.
July ICE NY cocoa rose 103 points, or 2.73%, and July ICE London cocoa gained 86 points, or 2.98%, as prices climbed to 1.5-week highs. The move was driven by dollar weakness and short covering, indicating supportive flow and FX conditions rather than a fundamental supply shock.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.25
