The US $ in EURO
1,0760

What happened this week: A bit of a change during this week. While for almost a month all business was dominated or run by overseas customers and their European counterparts were almost idle, this week became almost the opposite. Asia stepped back and – like many others report as well – took a break after the sharp and continuous advances seen for many weeks. So, interest was seen but sales were sporadic at the levels we have reached. As usual when dairy cows move well above the USD 50 mark things turn to be more difficult. However, interest was still available, but the immediate need to buy has obviously faded with all the purchases made before the Chinese New Year, but nobody would be too optimistic considering that there is still decent interest  in the market at about USD 1,00/2,00 below the present levels. Now, we just have to see who is the first one to bite, seller or buyer. We find presently no delays in shipments and L/C’s what is basically the sign, that what is bought is

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