Wednesday, 24 October 2018
Bullish sentiment remains strong, with the prompt contract remaining in the 13-cent range and almost touching the 14-cents handle last week. The MAR19 contract hit its high of 13.90c/lb and settled at 13.89c/lb on Friday, after posting its low for the period of 13.07/lb on the Monday.
On the currency front, the Aussie Dollar closed the week on 0.7111, after posting its low of 0.7099 on Thursday. It opened this week lower, focused on the Wentworth by-election and its potential political implications.