IRCo's DCP and the tripartite country's natural rubber (NR) prices moved beyond 360 US cents/kg on Friday on the back of persistent tight NR supplies in producing countries and steady demand from tire and non-tire manufacturers, particularly from China and India.
It seems that the intervention of Japan's central bank on 15 September was short-lived because the yen returned to strengthen against the greenback again at around 82.5 yen a dollar on Friday. Many countries in Southeast Asia, including Thailand, are also confronting appreciation of their currencies against the greenback because of huge inflows of Western money for better returns.
Crude oil futures continue to rise amid a continued weakening greenback that will lend more support for commodity markets in coming weeks if the White House cannot restore investors' confidence.
(irco.biz)
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