The price of rubber rebounded in trading this morning, Monday (12/3/2018), in line with rising expectations on the US economy.
The price of rubber for delivery in August 2018 at Tokyo Commodity Exchange (Tocom) was observed to rise 1.37% or 2.60 points to 192.40 yen per kilogram (kg) at 10:31 pm.
Earlier this morning the rubber opened weakened just 0.05% or 0.1 point to 189.70 yen level, after ending in the red zone with the weakening 0.99% or 1.90 points to the level of 189.80 yen per kg on Friday (9 / 3).
According to Market Risk Advisory analyst Naohiro Niimura, US payroll data released Friday last week is strong, raising expectations that the economy of USA will continue to rise.
"The increase in stock indices also gave a positive sentiment to investors," he said, as quoted by Bloomberg, Monday (12/3/2018).
Meanwhile, the yen appreciated to rise 0.19% or 0.20 points to 106.62 per dollar at 10:57 pm.
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