The wool market copped a battering at the opening sales of the week, with the eastern market indicator losing 30c/kg on Tuesday and a further 5c/kg today to finish at 861c/kg.
However, such is the volatility and impact of the US exchange rate at the moment, that prices actually rose in US dollar terms by 16c/kg on Tuesday to US726c/kg, according to AWEX.
However, in US dollar terms it today lost 8c/kg to stand at 718c/kg as the dollar eased today from US83.85c to US83.35, which is still considerably stronger than last week when it bottomed at US78c.
The impact has been felt in all three markets, according to AWEX, with 19.9pc passed in over the two days from an offering of 20,298 bales.
After falling 26c/kg yesterday, the northern indicator fell a further 5c/kg today to 908c/kg, while the southern indicator followed up yesterday's 35c/kg fall with a further 5c/kg loss today to now stand at 820c/kg.
In the west, which did not sell yesterday, the market lost 23c/kg today to stand at 822c/kg.
Only the finest wools have escaped the carnage, with anything of 18 micron or over copping price falls of up to more than 50c/kg in some lines.