The cotton market continues to see slow and lacklustre trading as prices are on the verge of returning to the range-bound levels of early June.

With a one point loss on Friday, the lead December contract finished exactly unchanged from the previous week as market participants seem content to sit on their hands at this juncture.

While the cotton market continues to trade sideways, it has been able to escape the severe weakness afflicting the grain markets as wheat prices recorded a ten-year low while corn and soybeans continue to trade under pressure.

The AUD traded weaker on Friday as comments made by US Federal Reserve officials were interpreted as promoting at least one if not two rate increases in the United States by the end of 2016, sparking a rally in the USD and a sell-off in equities and USD denominated commodities.