The Australian wool market has recorded an overall unchanged result this week, heavily influenced by currency movement.
Sales resumed after the one week Easter recess with 50,184 bales available to the trade, with the original quantity higher before seven per cent of the offering was withdrawn prior to sale.
After the Australian dollar strengthened in US dollar terms since the close of the previous sale, buyers who trade using this currency had their purchase power reduced.
This was reflected in the market when it opened, resulting in general losses across the Merino . . .
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