Falling freight rates are hitting Greece particularly hard given its out-sized exposure to the shipping industry.
The guy is on a tear this week, nearly single-handedly turning the market’s attention toward European bank exposures to the emerging markets.
EUR/USD has come under pressure in Asia after racing as high as 1.2840 (hmm, where have I heard that level before?) .
USD/JPY has run into Japanese exporter selling ahead of 100.00 with a palpable sense of relief being felt by those who missed the opportunity to sell before USD/JPY fell out of bed at the end of last week.
