Australian wool prices fall due to forex volatility, trade uncertainty
Australian wool prices fell this week amid sharp forex swings and cautious exporter sentiment. The Au$ surged over 6 per cent against both the US dollar and yuan, impacting auction prices. The Eastern and Western Market Indicators dropped 2.4 per cent and 3.6 per cent, respectively. Merino fleece types declined 35–50 cents. Despite reduced demand, ongoing manufacturing orders provided support.
Australian wool prices fell this week amid sharp forex swings and cautious exporter sentiment.
The Au$ surged over 6 per cent against both the US dollar and yuan, impacting auction prices.
The Eastern and Western Market Indicators dropped 2.4 per cent and 3.6 per cent, respectively.
Merino fleece types declined 35–50 cents.
Despite reduced demand, ongoing manufacturing orders provided support.
