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.

The EURUSD EUR/USD The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be Read this Term is trading to new lows on the day at 1.0268 and approaches the rising 100 hour MA at 1.02612.

The price is also back in the up and down range with 1.0277 to 1.02934 as the wide ceiling, and1.0096 to 1.0122 as the wide floor.