Rubber Climbs to One-Week High as Yen Weakens on U.S. Recovery
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Rubber climbed to a one-week high as a better-than-estimated jump in U.S. jobs boosted the dollar against Japan’s currency, raising the appeal of contracts in yen.
The contract for delivery in August increased 0.8 percent to 291.5 yen a kilogram ($3,104 a metric ton) on the Tokyo Commodity Exchange, the highest settlement since Feb. 28. Futures pared this year’s loss to 3.6 percent.