Rubber Drops, Paring Weekly Rally, as Yen Rebound Reduces Appeal
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Rubber futures declined in Tokyo as the Japanese currency rebounded against the dollar, reducing the appeal of yen-based contracts, and as concern grew that the Syrian conflict may harm the global economic recovery.
Rubber for delivery in February fell 0.3 percent to settle at 282.7 yen a kilogram ($2,835 a metric ton) on the Tokyo Commodity Exchange. Futures gained 5.1 percent this week and touched 287.9 yen on Sept. 4, the highest level since May.