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QSL Market Update

Monday, 19 November 2018

Last week was very quiet, with low volumes for raw sugar futures traded. Strong buying support ahead of technical resistance at the 12.50c/lb level has halted the recent price slide and left the market stuck in no-man’s land at the moment, with no real momentum in either direction.

Stronger local employment and wage data and an apparent easing in China-US tensions provided the AUD with a shot in the arm, trading up from its Tuesday low of 0.7175 to push as high as 0.7338 on Friday.

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