This entry was posted on Monday, August 31st, 2009 at 7:28 pm and is filed under Rubber News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
[Dow Jones] Tocom RSS3 rubber futures settle lower on long liquidation, profit-taking, traders say. “The perception gaining ground is that the yen may continue to gain and the U.S. dollar may even move below Y92. This has sparked liquidation of long positions (in rubber futures),” says Tokyo-based broker. Yen reached high of 92.54 against greenback today. Most traders put support for rubber futures at Y200/kg. Benchmark Tocom February RSS3 rubber futures settles Y7.7 lower at Y203.2/kg, off intraday high of Y214.5/kg – level not seen since early October last year. (SAM)
Source: Dow Jones