The Australian wool market has recorded large falls this week heavily influenced by currency, with an upward spike in the Australian dollar (AUD) compared to the US dollar (USD).
The AUD, which closed the previous series at 59.63 US cents, traded at 63.43 US cents on the opening sale day of Week 42.
Falls were predicted and realised from the opening lot, with buyer activity best described as cautious and selective.
By the end of the day, individual Micron Price Guides (MPGs) for Merino fleece had dropped by 16 48 cents . . .
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