What happened this week: Once again, we could basically copy last week’s report for this week. Well, not quite, because the US$, which then looked to be so weak, has in fact recovered significantly and eroded most of its losses from the first half of August. As a consequence, calculations for export markets returned to more friendly levels after having taken a sharp dive in the past few weeks and burdened euro revenues greatly. This, unfortunately, did not stimulate the demand side, but the general feeling was better.

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