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Jul 2: Tocom Rubber Settles Up; US Jobs Data Eyed

[Dow Jones] Tocom rubber futures settle 0.7% higher; price gains pick up pace toward end of trading day as investors buy on dips, says Tokyo-based analyst; strong yen continues to weigh. “The market has been moving sideways most of the time and is looking for direction,” says Singapore-based analyst; adds key U.S. jobs numbers due later in day to affect commodities on macro level. Benchmark December rubber contract settles Y1.9 higher at Y266.6/kg.

Source: Dow Jones

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« July 1: Rubber Declines to Lowest in Three Weeks as Falling Crude Oil Curbs Demand
Jul 5: Tocom Rubber Settles Flat; Thai Output In Focus »

This entry was posted on Friday, July 2nd, 2010 at 3:28 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.

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