Dollar surge hits wool price

By Bruce McLeish, Elders
Updated June 15 2016 - 10:25am, first published 9:49am
Wool prices are expected to maintain around current levels plus/minus a few cents until the recess.
Wool prices are expected to maintain around current levels plus/minus a few cents until the recess.

A surging Australian currency took a toll on the Australian wool market this week with prices as measured by the AWEX EMI easing by 26 cents. However there is still enough demand around the world, and low supply across the globe to keep prices moving forward in USD terms, and that indicator rose by 9 cents with only the east coast selling centres operating.

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