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European Drought: Possible Forex Implications?

From orbex.com

Earlier today, a somewhat worrying report came out that a key point in the Rhine river would likely become impassable on Friday. It takes several days for the water to flow down the length of the river, which allows for fairly accurate predictions of water flow in advance. Which helps mitigate potential impacts, as alternative transportation routes can be planned. The problem which could have implications for the markets, is that the reason goods are shipped by river is that it’s cheaper. Alternatives such as trucks and even trains are significantly more expensive, which could increase costs for industries along the ... (full story)

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  • Category: Fundamental Analysis