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QSL Market Update

Monday, 14 January 2019

While we still lack significant sugar-specific fundamentals, sugar prices bobbed along under positive macro influences and enjoyed a bullish week, rallying to briefly touch the 13 c/lb handle.The Aussie Dollar closed the week at its high of 0.7215, after testing the lows of 0.7140 on Tuesday. A positive macro environment over the last week has provided the AUD with plenty of support. Higher crude oil prices, a weaker US dollar, US/China trade negotiations and positive equities were among the highlights.  

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