Rhine River in Germany falls to critical 40cm mark at a key German waypoint. EURUSD falls.

The Rhine River has fallen to a critical 40cm mark at a key German waypoint (was 42cm earlier today). Nevertheless, the decline will not halt ship traffic according to sources, but the trend is not good.

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.

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