Rubber is traded higher as Obama wins re-election

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/RS
Rubber for April settlement was 2.4% higher to 252.5 Yen per kilogram or $3,149 a metric ton in the end of Asia trading hours. Rubber price rebounded from a seven-week bottom, which was reached yesterday, as market closed at 246.6 Yen per kilogram. Together with other commodities, rubber is higher, as Barack Obama won re-election meaning that the U.S. will probably maintain the easier monetary policy.
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