Benchmark Tokyo rubber futures extended declines on Wednesday to hit a one-month low, weighed down by sluggish Shanghai futures and the yen's advance to its highest in four months, brokers said.
Against the yen , the dollar fell below the 110 threshold for the first time in four months. A stronger yen makes yen-denominated assets less affordable when purchased in other currencies. The Tokyo Commodity Exchange rubber contract for June delivery finished 2.5 yen lower at 204.1 yen ($1.85) per kg. Earlier in the session, it touched 203.9 yen, the lowest since Dec. 22.
The most-active rubber contract on the Shanghai futures exchange for May delivery fell 145 yuan to finish at 13,775 yuan ($2,155) per tonne.
The front-month rubber contract on Singapore's SICOM exchange for February delivery last traded at 150.70 U.S. cents per kg, down 0.3 cent.
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