What happened last week: For those in Europe in particular, last week was influenced more by the EU referendum and its effects on the currency market than on the hide industry. On Monday, there was a reasonable amount of interest seen from Asia, but it dried up when the euro started descending on Tuesday. Many overseas customers saw this as an opportunity to buy cheaper on the terms of the dollar, and so preferred to sit back and wait to see how the European suppliers were going to react. Most of them assumed, of course, that those priced by the dollar would immediately fall, the same way as when the dollar went up but, as far as we could see the prices did not change and buyers and sellers drifted further apart as the week went on. Hence, at the end, only isolated sales were concluded.                                    

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