Rubber hits one-week high

Benchmark Tokyo rubber futures hit a one-week high on Thursday on the back of a late recovery in Shanghai futures, though the gain was limited due to a stronger yen against the dollar, brokers said. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, gained for a third straight session, but stood about 3 percent below a more than two-month high of 211.2 yen hit last week amid continued worries over global demand. The dollar remained on the defensive on Thursday, having tumbled after the Federal Reserve raised interest rates as expected.