Firm yen helps Tokyo rubber gain

Print this page Posted on : 09-06-2007 by recycleinme.com

Tokyo rubber futures ended higher on Wednesday as higher oil prices provided support, but gains were trimmed by a firmer yen.

The benchmark rubber contract on the Tokyo Commodity Exchange for February delivery rose 1.9 yen, or 0.8 per cent, to settle at 250.5 yen ($2.16) per kg. The benchmark retreated from an intra-day high at 253.3 yen, the highest since Aug. 9.

Source : Business Line