What happened this week: Well, things have certainly changed a bit this week. As has been the case for a long time now, the situation needed an outside trigger to bring about some movement and this time it was the hurricane which has caused worries for the US economy. This sent the US$ into freefall again and left it in a two per cent lower trading range in the second half of the week. Not, that any of the fundamentals in the leather business have changed, but psychology rules and all of a sudden energy costs and concerns for the outlook of consumer spending have moved into the foreground.

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