ICE cotton prices have risen due to a weaker dollar index and stronger crude oil prices.
December contract reached a monthly high at 70.91 cents per pound, up 1.57 cents.
The dollar’s decline, following the Federal Reserve’s policy review, made US cotton more attractive to international buyers.
Traders are hoping for a demand revival to maintain momentum.
December contract reached a monthly high at 70.91 cents per pound, up 1.57 cents.
The dollar’s decline, following the Federal Reserve’s policy review, made US cotton more attractive to international buyers.
Traders are hoping for a demand revival to maintain momentum.