Rubber Climbs to Two-Week High as Yen Breaches 100 Per Dollar
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Rubber advanced to a two-week high, marking the best weekly rally in five, as Japan’s currency breached 100 per dollar for the first time since September, boosting the appeal of yen-denominated futures.
The contract for April delivery on the Tokyo Commodity Exchange gained 1.2 percent to 262.1 yen a kilogram ($2,618 a metric ton), the highest settlement since Oct. 30. Futures gained 2 percent this week, the best performance since the week through Oct. 11.