Rubber Marks Worst Week Since May as U.S. Impasse Boosts Yen
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Rubber posted the biggest weekly loss since May as concern that the U.S. political impasse could lead to a recession boosted the Japanese currency against the dollar and cut the appeal of yen-denominated futures.
The contract for March delivery on the Tokyo Commodity Exchange lost 1 percent to 254.3 yen a kilogram ($2,620 a metric ton), the lowest settlement since Aug. 7. Futures slid 5.9 percent this week, the worst performance for a most-active contract since the five days through May 24.