ICE Cotton up on weak dollar, Trump’s tariff proposal on Europe
ICE cotton futures rose on May 23, 2025, supported by a weaker US dollar amid escalating trade tensions, following President Trump's proposal of a 50 per cent tariff on EU goods. July cotton settled at 66.11 cents per pound, gaining 122 points for the week. Market uncertainty persists due to global trade policies and weather-related concerns in West Texas.
ICE cotton futures rose on May 23, 2025, supported by a weaker US dollar amid escalating trade tensions, following President Trump's proposal of a 50 per cent tariff on EU goods.
July cotton settled at 66.11 cents per pound, gaining 122 points for the week.
Market uncertainty persists due to global trade policies and weather-related concerns in West Texas.
