The US $ in EURO
1,1050

What happened this week: The North German farmer would lift his cap, scratch his head  and say: Tschääh! what means nothing and leaves all options open.  This is basically how one would like to get out of the attempt to describe this weeks market situation. At least we were wrong in our expectation, that the market would be pretty quiet and with the approach of the decision from the USA/UK about the war against Iraq the trade would fall idle. Activity from European tanners was impressive but remains selective as far as the customers are concerned. In any case sales in numbers were high again and the greatest interest and buying activity derived from side leather tanners. This added to some selective quality buying from upholstery tanners and demand for low grades from Asia. General interest from the Orient was however, limited and sales are difficult to calculate at present as the USD is falling quicker than one can conclude and cover export sales at present.

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