Earlier this week I wrote a detailed post, a Possible Currency crisis happening, particularly in Eastern Europe.

Bloomberg is now reporting Plunging Currencies in Eastern Europe.

This is after the IMF stepped in.

Since the end of August, the forint has fallen 16 percent against the Swiss franc, the currency of choice for Hungarian homebuyers, and more than 8 percent versus the euro. Foreign- currency loans make up 62 percent of all household debt in the country, up from 33 percent three years ago.