There was a muted closure to Australian wool auction sales this week as the trade heads into the annual three week recess. The larger than budgeted for offering of around 41,000 bales sold well to good demand throughout selling, with just the stronger foreign exchange rates against the Australian dollar causing minor adjustments, generally lower. After several weeks of healthy gains, the Merino fleece market was mostly affected and price indicators retracted by 15 to 25ac/clean kg. The EMI (Eastern Market Indicator) fell 9ac/clean kg for the week to 1311ac/clean kg. A slight appreciation of 5usc/clean kg was registered to the EMI when expressed in USD and concluded the series at 998usc/clean kg, a positive gauge as to the consistency and strength of demand.