(Bloomberg) -- Rubber futures in Tokyo, the global
benchmark, gained for a second day in eight, as gains in the U.S.
currency boosted the value of yen-denominated contracts for the
commodity, which trades globally in dollars.
The dollar climbed to its highest in more than four years
against the yen, strengthening 1.5 percent in the past week to as
much as 122.84 yen today in Asian trading. Rubber yesterday
snapped a six-day losing streak in Tokyo.
Read more at Bloomberg Commodities News
benchmark, gained for a second day in eight, as gains in the U.S.
currency boosted the value of yen-denominated contracts for the
commodity, which trades globally in dollars.
The dollar climbed to its highest in more than four years
against the yen, strengthening 1.5 percent in the past week to as
much as 122.84 yen today in Asian trading. Rubber yesterday
snapped a six-day losing streak in Tokyo.
Read more at Bloomberg Commodities News
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