Rubber Falls to One-Month Low as Stronger Yen Reduces Appeal
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Rubber declined to the lowest level in a month, paring a quarterly advance, as a strengthening Japanese currency cut the appeal of the commodity used in tires.
The contract for March delivery on the Tokyo Commodity Exchange lost 2.7 percent to end at 270.2 yen a kilogram ($2,741 a metric ton), the lowest settlement since Aug. 30. Futures have gained 14 percent this quarter, the first such climb this year, paring losses to 11 percent for the year.