Greg posted this earlier in the week:
- The Rhine River has fallen to a critical 40cm mark at a key German waypoint
- If the area becomes unpassable it impacts goods transport including coal and could lead to increased chance of not only higher costs (finding alternative means of transport would be higher) but the chances for a German recession.
An update now, this via Bloomberg:
- water level at a key waypoint on the Rhine River is forecast to rise above a critical level this weekend
- potentially bringing some relief for shippers of vital commodities
A snippet of positive news.
EUR/USD update:
