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ICE cotton fell to a two-week low on Wednesday for its fifth straight session of losses as the dollar strengthened and speculators, who had fuelled a rally that peaked last Thursday, continued to hold off on new buying.

The following were the fluctuations observed during the day:

ICE cotton fell to a two-week low on Wednesday for its fifth straight session of losses as the dollar strengthened and speculators, who had fuelled a rally that peaked last Thursday, continued to hold off on new buying. The most-active May cotton contract on ICE Futures US dipped 0.03 cent, less than 0.1 percent, to settle at 63.60 cents a lb, after falling as low as 63.05 cents a lb, the lowest level since February 17. Wednesday marked fibre's fifth straight session of losses, its longest such streak since early July of 2014.
The fluctuations observed during the day:

ICE cotton fell to a two-week low on Tuesday and suffered its largest single-session loss in six weeks, as speculators who fuelled a rally over the past five weeks slowed down buying on indications that momentum has cooled. The most-active May cotton contract on ICE Futures US fell 1.22 cent, or 1.9 percent, to settle at 63.63 cents a lb, after dipping to 63.52 cents a lb, the lowest level since February 17. It was fibre's largest single-session loss since January 20.
The following were the fluctuations observed during the day:

ICE cotton fell slightly on Monday as traders hesitated to add further to positions with prices still near five-year highs, with gains in the dollar and drops in grains markets providing some pressure. The most-active May cotton contract on ICE Futures US fell 0.08 cent, or 0.1 percent, to settle at 64.85 cents a lb.

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
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