Weaker Australian wool auction markets resulted this week due mainly to the adverse and substantial currency movements. The volume of wool on offer was very low at a little over 27,000 bales but this failed to arrest the daily slides in market prices. Over the course of selling, a general 20 to 40ac/clean kg was eliminated from ruling levels, with all wool types and descriptions being affected to much the same degree when expressed in percentage terms. Whilst it is never a good result to see price levels reverse locally, the week was understated in what losses could have occurred theoretically. The AUD was 3.1% stronger against the USD, but the market weakened by just 2%. The EMI (Eastern Market Indicator) lost 26ac/clean kg for the week to close at 1270ac/clean kg. The EMI expressed in USD managed to strengthen by 10usc to close at 948usc/clean kg.