Weak Australian dollar hurting US wool growers.

From: Daily News Record | Date: May 30, 1989| Author: Stuart, Frank | Copyright information

WEAK AUSTRALIAN DOLLAR HURTING US WOOL GROWERS NEW YORK -- U.S. wool buyers, dealers and analysts have become dollar watchers -- and it's the Australian dollar they're looking at.

The Australian currency has weakened and pulled down prices on U.S.-grown wool with it.

Wool prices at the auctions in Australia are definitely softer, but a lower Australian dollar in relation to the U.S. dollar has been responsible for a much greater decline in the price paid by Amer...

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