With $11bn write-off of sub-prime mortgages, CitiGroup became the largest victim of of overzealous selling of mortgages in the US. Projected foreclosures or property repossessions in the US are the 2million over the next year or so. This may well lead to a recession unless Fed rates come down considerably which will perversely make the dollar even weaker than it is. This will have the benefit of making US goods cheaper and exports into the US less attractive.
At the NSE, KQ, and tea/coffee exporters will be impacted by this weaker dollar as will our diasporian friends who send remittances back home.