The US $ in EURO
1,2430

What happened this week: Finally it was one of the weeks with little activity all over. Just some sales on Thursday and Friday were able to avoid, that this would have been a week with no sales at all. So, the end of the week conciliated a bit for the non-event of the first three days. So the week left plenty of time to watch and play the currency market and who had some USD left to sell against previous sales of hides had another good chance to bolster the insufficient margins offered from normal trading at the moment. High volatility required, however quick action. As far as hide business was concerned the market was burdened by the carnival in many parts of Europe, the preparations for the next months abattoir buying and the general absence of Asian buyers until the end of the week. Reading the overseas reports one has to have the impression, that we are in the final phase of preparation in Asia for the trend of the market to come. The supply pipeline is getting shorter and shorter for many tanners, but same applies also for many sellers and so it seems, that the showdown cant

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