Wool rises despite stronger Aust dollar

By Bruce McLeish, Elders Northern Wool Manager
Updated February 19 2017 - 7:53pm, first published 6:46pm
WOOL MARKET: AWEX’s northern market indicator closed up 3c on 1521c.
WOOL MARKET: AWEX’s northern market indicator closed up 3c on 1521c.

THE stronger Australian dollar weighed on the local wool market this week. With the currency hovering just under US77c it is making wool prices more expensive for customers overseas, and the overall market rose by US16c for the past week.

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