(Bloomberg) -- Platinum futures fell in Tokyo and
headed for the biggest two-day decline in more than three months
as the yen climbed for a third day against the dollar.
The yen appreciated to 122.89 per dollar at 11:46 a.m. in
Singapore from 123.26 late in New York yesterday, after reaching
a 4 1/2-year low of 124.13 on June 22. An appreciating Japanese
currency erodes the value of yen-denominated contracts for
commodities such as platinum, which trades globally in dollars.
Read more at Bloomberg Commodities News
headed for the biggest two-day decline in more than three months
as the yen climbed for a third day against the dollar.
The yen appreciated to 122.89 per dollar at 11:46 a.m. in
Singapore from 123.26 late in New York yesterday, after reaching
a 4 1/2-year low of 124.13 on June 22. An appreciating Japanese
currency erodes the value of yen-denominated contracts for
commodities such as platinum, which trades globally in dollars.
Read more at Bloomberg Commodities News
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