What happened this week: Trading and the market became more and more difficult to understand. The US$ hasn’t let us down this week and recovered well from the lower levels seen on the previous Friday, although it wasn’t really able break the €1.20 level. It’s still a bit of a weekly gamble to combine the bids with a favourable rate of the US$, but with the fundamentally firmer trend of the US currency it is not such a big challenge to get it right for the moment, at least. The €1.20 mark now seems to be a strong barrier in deciding where the euro is going to go in the coming weeks.

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