Friedrich Sturm Report - 30.11.07
What happened this week: We are pretty pleased with the market activity this week. Overseas buyers were budgeting their January/February shipments and have arrived earlier in the market than we actually expected. With the US$ taking a break from its descent and with a bit of patience, Friday afternoon offered a good opportunity to cover the week’s exposure on the US$ and supported calculations which had been being hammered so much with the constant decline of the greenback during November.