LOSING ground on both days to make it eight consecutive days of losses, the AWEX Eastern Market Indicator (EMI) fell nine cents this week to close at 1,232c/kg its lowest point since January 2021.
Positive economic data gave a boost to the Australian dollar, which rose 2.68 cents week on week and converted the nine cent loss in AUD terms to a 27 cent rise on a USD basis.
As with previous weeks, most support for Merino types was concentrated in the broader microns, with 19.5 microns and broader generally higher . . .
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