However, the problems in most of the world have not gone away nor have they been solved. Currency problems were still evident in Russia, Brazil, Japan, and possibly China. The month began with a new crisis in Russia and it hasn't improved. Media coverage is just better. The ruble remains very weak and will affect Europe much more if conditions don't improve.
European investors seem to have ignored or adjusted to the situation but the problem still exists.
The Asian virus spread to Brazil and they began to lose money in currency trading. Only promises from large international banks and the IMF slowed the bleeding. The problem remains. Argentina is also weak and will closely follow Brazil if the case worsens. The new Japanese government continues to talk more than produce any meaningful solutions, and this weakness continues to place pressure on the Chinese to devalue the yuan even after their strong commitment not to do so.