The Euro continues to plummet
http://ozreport.com/19.13#1 http://ozreport.com/19.14#0 http://ozreport.com/19.015#0 When I wrote/edited the above articles, the Euro was low at $1.16. It is now
$1.06. The high priced dollar means that European (and Australian) imports should be
relatively cheaper than they have been in the past. Wills Wing has benefited
from the low priced dollar until the last year. They would now have a relative
disadvantage selling overseas and Icaro would have a better chance to sell into
the US. You can make adjustments to the figures provided in the above articles to
determine prices. Also, aluminum tubes are purchased by, as I recall, all the hang gliding
manufacturers, from Switzerland. The Swiss Franc has risen substantially since
the first of the year after the Swiss government decided to no longer tie its
value to the plunging Euro. http://www.xe.com/currencycharts/?from=USD&to=CHF&view=1Y It went from about $0.86 to about $1.00. Report on Thursday on NPR, morning edition, was that the prediction was for the
Euro to stay this low for at least two years. I hope to have more news on this soon.
http://OzReport.com/1426252770
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