The front-month rubber contract on Singapore's SICOM exchange for March delivery last traded at 143.80 US cents per kg, down 0.3 cents. China's financial markets are closed for the Lunar New Year holidays. The dollar inched higher versus a basket of major currencies, clinging above a three-year low set last week, but its outlook was clouded by concerns that the ballooning US fiscal deficit could disrupt the economy. A weaker yen makes commodities denominated in the Japanese currency cheaper for holders of other currencies.
The front-month rubber contract on Singapore's SICOM exchange for March delivery last traded at 143.80 US cents per kg, down 0.3 cents. China's financial markets are closed for the Lunar New Year holidays. The dollar inched higher versus a basket of major currencies, clinging above a three-year low set last week, but its outlook was clouded by concerns that the ballooning US fiscal deficit could disrupt the economy. A weaker yen makes commodities denominated in the Japanese currency cheaper for holders of other currencies.