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QSL Market Update

Wednesday, 27 November 2019

Despite a quick rally at the end of the week, little changed in the fundamental spectrum last week. The ICE 11 prompt contract made its high last Friday at 12.87c/lb, and its low on Thursday at 12.57c/lb, closing the week at 12.83c/lb.

It was also a quiet week on the data front, and with the absence of major macro news the Aussie Dollar was stuck in a familiar range, making its high mid-week at 0.6835 and its low of 0.6781 on Friday night, closing at 0.6794.

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