(Bloomberg) -- Rubber futures in Tokyo, the global
benchmark, rallied for a fifth day as the dollar traded near a
three-month high against the yen, boosting the value of contracts
traded in the Japanese currency.
The dollar rose as much as 0.51 percent to 121.63 yen
yesterday in late New York trading, the highest since Feb. 23.
The currency traded at 121.48 yen at 10:48 a.m. Tokyo time today.
Rubber futures are denominated in yen on the Tokyo Commodity
Exchange, Tocom, while the commodity trades globally in dollars.
Read more at Bloomberg Commodities News
benchmark, rallied for a fifth day as the dollar traded near a
three-month high against the yen, boosting the value of contracts
traded in the Japanese currency.
The dollar rose as much as 0.51 percent to 121.63 yen
yesterday in late New York trading, the highest since Feb. 23.
The currency traded at 121.48 yen at 10:48 a.m. Tokyo time today.
Rubber futures are denominated in yen on the Tokyo Commodity
Exchange, Tocom, while the commodity trades globally in dollars.
Read more at Bloomberg Commodities News
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